He's rich enough that he's kind of a parent corporation by himself, so:
X was previously accused of violating the Digital Services Act (DSA), which could result in fines of up to 6 percent of total worldwide annual turnover. That fine would be levied on the "provider" of X, which could be defined to include other Musk-led firms.
But yeah, American law has been limited so the buck stops at the company which declares bankruptcy and the money starts a new company.
so important to realize this. laws are just what this group of people said. another group of people say they're this. in the end, what they do is all that matters. it's almost like you could just skip them, grab him by the collar, and shake him down to the tune of 'whatever it takes to make you sit down, shut up, and stop your BS'.