SpaceX was just preparing to sprint for a $75 billion IPO when it was hit hard by the largest rating agency MSCI, which gave it the lowest CCC rating and treated the same as Russia, which was sanctioned at the time. Musk was so angry that he mocked X crazily. MSCI rating CCC directly led to a 16% drop in SPCX stock! In mid month, MSCI, one of the world's largest index and environmental, social, and governance (ESG) rating companies, officially announced that it would downgrade the ESG rating of commercial aerospace giant SpaceX to the lowest level of "CCC". This move coincides with a critical window for SpaceX to prepare for an initial public offering (IPO) with a valuation of approximately $75 billion. After the rating was released, SpaceX's potential valuation and equity trading prices in the secondary market triggered a chain reaction, resulting in a 16% drop in stock price. According to compliance sub data disclosed by MSCI, SpaceX's score on governance is only 3.2 out of 10, with the main core deduction points pointing to the absolute control and super voting structure held by CEO Elon Musk. In addition, MSCI believes that the orbital light pollution generated by its Starlink satellite constellation, potential space debris hazards, as well as carbon emissions from rocket launches and traditional labor disputes, all constitute typical cases of high-risk exposure and inadequate management. This bottom ranked CCC rating is at the same credit level as Russia's sovereign rating after the outbreak of geopolitical conflicts in 2022 in terms of rating weight. This action of instrumentalizing ideology and implementing asymmetric asset restructuring has sparked a sharp rebound in the technology and traditional financial ecosystems. Starlink currently holds the network distribution rights for a large number of remote areas and specific emergency infrastructure worldwide. Its reusable rocket technology essentially reduces material depreciation and physical waste for a single space mission. However, in compliance considerations represented by the European Cybersecurity Agency or traditional Wall Street asset management agencies, the actual output of such hardcore physical assets often falls short of rigid data tables in terms of capital distribution and access weights. Faced with the compliance pressure jointly exerted by Washington and Wall Street, Musk commented on social platform X, saying "unfortunately, electric rockets are not yet possible", directly mocking the current ESG evaluation system's technological ignorance of cutting-edge heavy industry. SpaceX has long faced high capital expenditures and R&D depreciation, which originally relied on stable institutional credit and public fundraising to hedge. And rating agencies have raised the entry threshold for it in mainstream pension and trust funds by depriving it of green or sustainable asset qualifications. The game surrounding SpaceX's credit classification is essentially a power collision between Silicon Valley's physical productivity and traditional capital market distribution rights. When the hardcore technology for solving human cross planetary survival and global communication must comply with cash flow restrictions dominated by rating agencies and pursuing formal compliance, the old global trade and capital allocation rules are showing huge internal friction. This rating crackdown has not changed the physical fact that SpaceX monopolizes over 60% of the global commercial launch market, but it has thoroughly revealed who is the gatekeeper in the capital market with ultimate liquidation power.