SpaceX began trading on the Nasdaq on June 12 under the ticker SPCX. The company raised $75 billion at $135 per share in the largest initial public offering in history. Shares opened at $150 and reached a high of $166.90. This performance pushed the company's valuation over $2 trillion.
Massive trading volume generated record-breaking traffic for retail brokerage Robinhood. High demand caused intermittent service disruptions and latency for some users. Robinhood reported that essential systems have recovered and remain under monitoring.
The intense interest highlighted the significant role of retail investors in high-profile market debuts. Reports indicate a substantial portion of the IPO was earmarked specifically for retail participants.