sounds repairable to me.

If not, only you can decide if you should invest in some higher cush wheels at this point. I wouldn't buy nicer wheels. I would wait to find a used one for $50.

A shop might charge you $30 to fix the wheels as it stands. You could probably sell it to someone for that.

Whatever you do, you can probably be riding again for $20. Or you can buy a new wheel.