Elon Musk speaks via videolink on the day of SpaceX's initial public offering, at the Nasdaq MarketSite in New York City, June 12, 2026.(Brendan McDermid/Reuters)
The destructive investment “discipline” better known as ESG is too valuable to the political, financial, and economic ecosystem it feeds for its promotors to put it out of investors’ misery. Nevertheless, aware of the criticism and derision that ESG has belatedly attracted, at least some of those who back it have been keeping a lower profile.
However, it has returned to the headlines with the news that MSCI, which among other businesses designs and operates numerous stock indexes (“including more than 1,500 equity and fixed income ESG indexes”), is giving SpaceX its lowest possible ESG rating.
