Here is a summary:Elon's biggest scam:
According to a new report by the Financial Times, SpaceX received MSCI’s lowest ESG rating, **CCC**, shortly before its June 2026 IPO. MSCI said the company was “lagging its industry” because of significant ESG risks and inadequate management of those risks.
Some of the factors highlighted in reporting around the rating include:
**Governance concerns**: Questions about board independence, concentration of control, shareholder rights, and the company’s share structure.
**Controversies score**: SpaceX reportedly received a very low controversies assessment and an “orange flag” designation, indicating involvement in severe ongoing controversies under MSCI’s methodology.
**Investor concerns**: Some institutional investors and ESG-focused funds have expressed concerns that the company’s governance arrangements could disadvantage minority shareholders.
The rating is notable because SpaceX is widely viewed as a technologically transformative company, yet ESG ratings assess much more than environmental impact. MSCI’s framework weighs **environmental, social, and governance factors**, and governance issues can significantly affect a company’s overall score.
The development also echoes earlier criticism from Elon Musk of ESG rating systems. After Tesla was removed from the S&P 500 ESG Index in 2022, Musk publicly described ESG as a “scam.”