Shares of Space Exploration Technologies Corp (NASDAQ:SPCX) have declined 5.13% in premarket trading on Monday, following a two-day selloff after the company's record-breaking initial public offering (IPO).
Before its record-breaking IPO, SpaceX received a governance score equivalent to that of Putin's Russia, according to MSCI's ESG risk framework.
This rating, which measures a company's management of financially relevant sustainability risks and opportunities, was assigned just before SpaceX's public debut.
The company also scored one out of 10 in MSCI's controversies category, receiving an "orange flag" for indirect involvement in one or more severe ongoing controversies.
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