SpaceX Receives Lowest ESG Rating from MSCI Ahead of IPO

CoinFeed, June 21 - According to Jinshi reports, index provider MSCI assigned SpaceX its lowest Environmental, Social, and Governance (ESG) rating of 'CCC' ahead of the company's record $75 billion public offering this month. According to MSCI, this leaves SpaceX 'lagging behind the industry due to its high risk exposure and failure to manage significant ESG risks.' Frédéric Ducoulombier, program director at EDHEC Business School's Climate Institute, stated: 'The company's poor controversy assessment, extremely poor governance assessment, and low overall ESG rating should not surprise anyone. For public market investors, this is very close to a governance horror story.'