Robinhood faces service issues amid SpaceX IPO trading rush

Investing.com -- Robinhood experienced service disruptions on Friday as record-breaking traffic hit the platform during trading of SpaceX shares following the company’s initial public offering.

Some customers faced latency and intermittent issues on the trading platform. The company said essential systems have since recovered and teams are monitoring the situation closely.

SpaceX (NASDAQ: SPCX) priced its IPO at $135 per share on Thursday, raising $75 billion in what the company called the largest IPO in U.S. history.

The service disruptions came as traders rushed to access the newly public shares of Elon Musk’s space exploration company.

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