Robinhood users report issues during SpaceX trading debut

The popular brokerage hit snags as retail investors scrambled to trade shares of SpaceX on its first day as a public company

Robinhood users faced service issues Friday during the first minutes of SpaceX trading, as retail demand surged around one of the most anticipated IPOs in market history.

Roughly 5,000 outages were reported around 11:58 a.m. in New York, according to Downdetector. The issues appeared to ease by 12:30 p.m.

Robinhood said the platform saw record breaking traffic tied to the SpaceX debut.

“As a result, some customers experienced latency and intermittent issues,” a company spokesperson said. “Essential systems have recovered and our teams are closely monitoring.”

Robinhood was one of five trading platforms offering SpaceX shares to retail customers, alongside Charles Schwab, Fidelity, SoFi, and Morgan Stanley’s ETrade.

SpaceX shares opened at $150 on Nasdaq at 11:50 a.m. in New York, about 11% above the company’s $135 IPO price. The stock was last trading near $171 at press time.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Robinhood users report issues during SpaceX trading debut

The popular brokerage hit snags as retail investors scrambled to trade shares of SpaceX on its first day as a public company

By Editorial Team

Edited by Estefano Gomez

48 min ago

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Robinhood users faced service issues Friday during the first minutes of SpaceX trading, as retail demand surged around one of the most anticipated IPOs in market history.

Roughly 5,000 outages were reported around 11:58 a.m. in New York, according to Downdetector. The issues appeared to ease by 12:30 p.m.

Robinhood said the platform saw record breaking traffic tied to the SpaceX debut.

“As a result, some customers experienced latency and intermittent issues,” a company spokesperson said. “Essential systems have recovered and our teams are closely monitoring.”

Robinhood was one of five trading platforms offering SpaceX shares to retail customers, alongside Charles Schwab, Fidelity, SoFi, and Morgan Stanley’s ETrade.

SpaceX shares opened at $150 on Nasdaq at 11:50 a.m. in New York, about 11% above the company’s $135 IPO price. The stock was last trading near $171 at press time.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Robinhood users report issues during SpaceX trading debut

Robinhood users report issues during SpaceX trading debut

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