Key facts
- Robinhood reported record traffic on its platform during the SpaceX IPO debut.
- Some Robinhood users experienced temporary latency and issues.
- SpaceX's stock opened up 11% on its debut.
- SpaceX's valuation exceeded $2 trillion.
- Bybit and Binance refunded users for SpaceX IPO subscriptions.
- The refunds were due to xStocks failing to deliver underlying assets.
- Binance will distribute $1 million in bStocks tokens as compensation.
Robinhood reported a surge in platform traffic coinciding with the public market debut of SpaceX shares. The increased user activity resulted in temporary latency and operational issues on the Robinhood platform, which has since recovered. SpaceX's stock commenced trading with an 11% increase, pushing the company's valuation beyond $2 trillion.