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SpaceX Receives MSCI’s Lowest ESG Rating Day Before Its IPO
MSCI gave SpaceX its lowest ESG rating on June 10, 2026. The company completed its initial public offering the following day. Shares fell more than 10 percent by the following Monday.
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MSCI awarded SpaceX a CCC ESG rating on June 10, 2026, the lowest of its seven-tier scale, Forbes reported. The index provider said the company lagged its industry peers due to exposure to and management of significant environmental, social and governance risks.
A CCC rating applies to companies with very poor management measures that may be in or were recently involved in significant ESG controversies, according to MSCI.
SpaceX received a score of 1 out of 10 on the controversies scale and an orange flag for involvement in one or more severe controversies. It scored 3.2 out of 10 on the governance metric. SpaceX completed its initial public offering on June 11.
Shares fell more than 10 percent as of Monday morning. Elon Musk posted on X that electric rockets are impossible. Musk’s net worth stood at $1.2 trillion as of Monday, according to Forbes estimates.
The S&P 500 removed Tesla from its ESG Index in May 2022. The National Labor Relations Board dismissed a case against SpaceX in February 2026. The U.S. Department of Justice dropped a 2023 lawsuit over hiring practices in February 2025.
