SpaceX received the lowest ESG rating from MSCI before going public

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Golden Finance reports that on June 21, according to the Financial Times of the UK, index provider MSCI awarded SpaceX its lowest level of Environmental, Social, and Governance (ESG) rating of “CCC” before the record $75 billion public offering being carried out by SpaceX this month. According to MSCI, this means SpaceX “lags behind the industry due to its high-risk exposure and failure to manage material ESG risks.” Frédéric Ducoulombier, project director at the EDHEC Business School Climate Research Institute, said: “The company’s poor controversy assessment, extremely poor governance assessment, and lower overall ESG rating should not surprise anyone. For public market investors, this is very close to a governance horror story.” (Jin10)
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