What Happened
Musk Dismisses ESG Concerns Amid Governance And Sustainability Criticisms
SpaceX’s stock has slid after MSCI assigned the company its lowest ESG rating, citing governance and sustainability concerns. CEO Elon Musk responded by dismissing ESG concerns, stating that electric rockets are impossible. The rating and Musk’s response have sparked controversy, with some investors expressing concerns about the company’s governance practices. This development was first reported by Yahoo Finance.