What Happened
Elon Musk's Rocket Maker Scores Poorly On Environmental And Governance Metrics
SpaceX has been awarded the lowest possible environmental, social, and governance (ESG) rating by MSCI, a leading index provider. The company’s poor score is due to its exposure to and management of significant ESG risks, including controversies surrounding workplace safety, labor disputes, and allegations of employee discrimination. According to Forbes, SpaceX’s shares plunged over 10% following the rating, potentially extending a losing streak to three days.