MSCI assigns SpaceX its worst ESG score, matching Russia's post-invasion rating

SpaceX has received the lowest possible environmental, social and governance (ESG) rating from MSCI, a triple C score that puts Elon Musk's company on par with Russia after its 2022 invasion of Ukraine, according to the Financial Times.

"Triple C score puts Elon Musk's company on par with Russia after 2022 invasion of Ukraine"

The rating, reported by the Financial Times, reflects MSCI's assessment of SpaceX's performance across ESG criteria, placing it in the same category as one of the world's most sanctioned nations. The comparison highlights the severity of the downgrade for a company that has been a dominant force in space exploration and satellite launches.

MSCI's ESG ratings are widely used by investors to evaluate companies' exposure to long-term risks related to environmental, social, and governance factors. A triple C score is the lowest tier in MSCI's scale, indicating what the firm considers poor management of these issues. The Financial Times noted that the rating places SpaceX at the bottom of the aerospace and defense industry.

The Financial Times report did not specify the exact reasons behind the downgrade, but the low score underscores growing scrutiny of Musk's companies on matters such as labor practices, safety records, and governance. SpaceX has not publicly commented on the rating as of the report's publication.