Hold up.
1. Buy distribution channel with crap monetization and non-optimal financing (Twitter)
2. Separate company (xAI) launches hard tech product
3. Distribution channel (now X) spreads hard tech product (Grok) to massive user base
4. Hard tech company now has massive valuation from distribution channel
5. Use new high valuation to acquire distribution channel and fix financing issues
MBAs going into PE will be studying this case study for decades.