MSCI gave SpaceX a CCC, and Lao Ma directly launched a furious attack on X ❗ ️ MSCI has downgraded SpaceX's ESG rating to the lowest level of CCC, and the target SPCX stock fell 16% on the same day. There are three reasons for deduction, each of which is a bit outrageous when viewed in the aerospace industry. Article 1: Governance. MSCI said that Musk's control is too centralized, there are not enough independent directors, and shareholders cannot balance him. This is Rocket, not Wal Mart. When private aerospace started, the founder was gambling with his life. At this stage, he would only distribute control to a group of independent directors for voting unless he went crazy. SpaceX almost went bankrupt after its first three launches were all blown up, and it was Musk who carried it all on his own. MSCI refers to this as' governance risk '. Article 2: Environment. Carbon emissions, space debris, and star chain light pollution. Rocket fuel burning is a physical law, not an attitude issue. Old Ma himself said that electric rockets are currently impossible. But MSCI is putting consumer goods company's environmental rating card on the rocket. And they don't count as the other side. How much resources does a reusable rocket save compared to a one-time launch? Starlink connects one-third of the Earth's population without internet, isn't this considered social value? Oh yes, MSCI is not responsible for calculating this. Article 3: Society. Work injuries, labor disputes, discrimination allegations, and retaliation against whistleblowers. I can't help SpaceX with this, it's really bad. Internal management is a mess, negative news has not stopped, and low scores are not unjustified. How has the market responded? Those who manage ESG funds have no choice. CCC triggers hard constraint - cannot hold, can only cut. 16% was smashed like this. People who read too much don't even look at ESG scores. They are focusing on rocket launch frequency, satellite link input, and Starship test flights. For them, MSCI's offer to CCC is purely an opportunity to buy at a discount. Lao Ma's reaction on X is not at all like the PR rhetoric of 'we will strive to improve the rating'. He directly started mocking. He has said the phrase 'ESG is a scam' more than once, but this time the rating only turned up the volume. How do you view this matter from behind? Continue to be beaten in the short term. ESG fund liquidation takes time, and MSCI cannot immediately establish a rating system for Aerospace Fund. If there is another work-related injury dispute or launch accident, the stock price will still shake. But there's no need to take it too seriously. The long-term value of SpaceX has little to do with the MSCI chart. The launch frequency of Falcon rockets, the number of paying users on Starlink, and whether Starship can successfully land - these are the things that truly determine how much it is worth. A CCC does not affect these.