Robinhood stated it has seen “record-breaking” site visitors on its buying and selling platform Friday within the hours after SpaceX’s historic public markets debut.
The corporate shared in a post on X that “some prospects skilled latency and intermittent points” with buying and selling however that the platform shortly recovered.
SpaceX’s shares began buying and selling on the Nasdaq inventory trade at round 11:47 a.m. ET. These shares instantly began buying and selling up round 11%, pushing the corporate’s valuation previous $2 trillion — and making Elon Musk the world’s first trillionaire. In only one hour, round 263 million shares have traded, according to Nasdaq, representing round $42 billion value of SpaceX inventory altering fingers.
SpaceX solely made about 4% of its shares obtainable for buying and selling within the IPO, placing it ready for wild swings in its inventory worth because it begins life as a public firm.
