Robinhood said it saw “record-breaking” traffic on its trading platform on Friday following SpaceX’s historic public market debut.
The company shared a post on x That “some customers experienced trading delays and intermittent issues”, but the platform quickly recovered.
SpaceX shares began trading on the Nasdaq stock exchange at approximately 11:47 a.m. ET. Those shares immediately began trading up nearly 11%, valuing the company at more than $2 trillion — and making Elon Musk the world’s first trillionaire. About 263 million shares were traded in just one hour, According on Nasdaq, representing approximately $42 billion worth of SpaceX stock.
SpaceX made only 4% of its shares available for trading in the IPO, leading to wild fluctuations in its stock price as it began life as a public company.
