SpaceX IPO surge triggers Robinhood trading outages

Shares began trading on the Nasdaq at 11:47 a.m. ET, instantly climbing 11% and driving the company’s valuation beyond the $2 trillion threshold. This rapid ascent cemented Elon Musk’s status as the world’s first trillionaire. Nasdaq data indicates that 263 million shares changed hands within the first hour of activity, accounting for approximately $42 billion in total volume.

Because SpaceX floated only 4% of its total shares for the initial offering, market analysts anticipate significant volatility as the stock finds its footing. Robinhood reported that its systems recovered quickly after the initial surge, though the sheer volume of orders highlights the immense pressure placed on brokerage infrastructure when high-profile assets hit the public market.