Their satellite internet business is the only thing which makes them money, which is enabled by their orbital launch business which is as of right now not profitable and I have no idea of if it ever will be but without it they would not be able to launch enough satellites.

Their stupidity with AI and buying X mostly seems to be about scamming investors to make Musk even richer. Like this particular deal is just them doing what CoreWeave does at a SpaceX valuation.

Smoking crack and investment fraud.

With a light sprinkling of space.

Its main business is connectivity. Starlink generated over 10B last year.

Becoming a broader infrastructure company with xAI.

Government contracts. Dumping its shares on retail investors. Selling compute to AI vendors

A datacenter that also provides connectivity/Internet

Elon Musk.