SpaceX drives tokenized stock surge as MSCI gives it lowest ESG rating

Bitget’s rToken platform reported that tokenised SpaceX shares now make up the largest share of its assets, accounting for 23.5 % of total rToken holdings. Daily trading volume on the platform averaged $19.75 million, with a peak of $56.16 million, reflecting strong investor appetite for exposure to SpaceX.

At the same time, MSCI assigned SpaceX a CCC rating, the lowest possible ESG score, citing emissions from rocket launches, weak sustainability management and governance concerns. CEO Elon Musk responded on X with a brief remark that “electric rockets are impossible”, challenging the emissions critique. The juxtaposition of growing market demand for tokenised SpaceX equity and the agency’s harsh ESG assessment highlights contrasting views of the company’s financial and environmental performance.

Industry analysts note that the broader market for tokenised equities is expanding, with total segment volume reaching $1.82 billion in the past month, up 26 %. However, a decline in active addresses suggests concentration among fewer large participants.