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SpaceX Earns Lowest Corporate Responsibility Rating—Here’s What That Means
MSCI gave the company a 1 out of 10 controversies score and a 3.2 out of 10 governance rating as it approached its public debut.
- SpaceX received a low MSCI ESG rating just before its record public debut, scoring 3.2 out of 10 on governance metrics and receiving an "orange flag" for severe ongoing controversies.
- During the company's record public debut, SpaceX raised $75 billion and closed its first day of trading up more than 19%, despite the poor ESG rating.
- Critics questioned SpaceX's share structure, limited shareholder rights, and insider control, while the company scored one out of 10 in MSCI's controversies category.
- SpaceX stock fell 1.84% in overnight trading last Thursday, following a 3.56% decline during the regular session as investors weighed governance concerns.
- Musk has long criticized ESG ratings, calling the framework a "scam" that had been "weaponized by phony social justice warriors" after TSLA was removed from the ESG Index in 2022.
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13 Articles
13 Articles
Coverage Details
Total News Sources13
Leaning Left0Leaning Right4Center3Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
C 43%
R 57%
Factuality
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