By Paige Smith | Updated on Jun 12, 2026 at 05:49 PM
Robinhood Markets Inc. customers faced issues during the highly anticipated first minutes of SpaceX trading on Friday.
Roughly 5,000 outages were reported as of 11:58 a.m. in New York, according to the website Downdetector, but those issues appeared to recede by 12:30 p.m.
“Robinhood saw record-breaking traffic today,” a company spokesperson said in an emailed statement. “As a result, some customers experienced latency and intermittent issues. Essential systems have recovered and our teams are closely monitoring.”
Robinhood was one of the five trading platforms to offer the sought-after SpaceX shares to retail customers, alongside Charles Schwab Corp., Fidelity Investments, SoFi Technologies Inc. and Morgan Stanley’s E*Trade. Other platforms didn’t see significant issues during the same period, according to Downdetector.
SpaceX shares sold for $150 in opening trading on Nasdaq at 11:46 a.m. in New York, which was 11% above its $135 offering price.
Read More: SpaceX Jumps in First Trades Following Record $75 Billion IPO