MSCI assigned SpaceX a CCC rating, citing governance concerns tied to extreme insider control, limited shareholder rights, and environmental risks including rocket emissions and satellite congestion in orbit. This came just ahead of SpaceX’s June 11 IPO pricing at $135 per share under ticker $SPCX , which raised $75B and later rallied to $185, pushing valuation above $2.4T. While supporters argue the rating doesn’t reflect SpaceX’s rapid cost reductions and global impact via Starlink, critics point to long-term risks around oversight, emissions, and space sustainability. It’s a case where fundamentals, perception, and market momentum don’t fully align and where traders continue to watch platforms like BingX for exposure to fast-moving narratives.