MSCI's CCC ESG Rating Sparks Musk's Retort as SPCX Dips on ESG Scrutiny
MSCI gave SpaceX a CCC ESG rating—the lowest on its scale—citing governance and sustainability risks, prompting Elon Musk to shrug off the criticisms with a jab that “electric rockets are impossible.” SpaceX’s SPCX stock slid in overnight trading amid the ESG controversy and reports of a potential $20 billion bond sale to fund its AI and space expansion. Although MSCI’s rating could hasten the company’s entry into major benchmarks, SpaceX remains ineligible for the S&P 500 due to insufficient trading history, profitability, and public float. Investors are also eyeing SpaceX’s upcoming post-IPO earnings, expected later this summer, as index inclusion and financing moves shape sentiment.