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As amusing as it is to see Elon fail, letters like "X" shoud not be trademarkable. Just one indicator that we're truly reaching capitalist extremism levels of insanity.
Trademarks are a government-enforced (i.e. publicly-mandated) monopoly, which is fundamentally antithetical to capitalism.
Capitalism: "an economic and political system in which a country's trade and industry are controlled by private owners for profit."
For sure, there are many shades of grey to be had here, and the world has 0 purely capitalist societies (in fact, such a society is inherently impossible). But every time the public controls trade and industry, e.g. when enforcing trademark law, that isn't capitalism.
Private property laws are a government-enforced (i.e. publicly-mandated) style of ownership.
Fure sure, there are many shades of grey to be had here, but Elon Musk owning Twitter is the ultimate form of communism.