Robinhood Overloaded by 263M SpaceX Trades, Causing Latency Outages

HOOD•2026-06-12

Robinhood experienced 263 million SpaceX share trades, totaling $42 billion in volume during the first trading hour and lifting SpaceX’s valuation past $2 trillion. The surge triggered latency and intermittent outages for users before the platform fully recovered later in the session.

1. Record-Breaking Trading Volume

Robinhood’s platform processed approximately 263 million SpaceX shares in the first hour of trading, amounting to about $42 billion in transaction value. SpaceX shares opened up 11%, propelling the company’s market valuation past the $2 trillion threshold and drawing intense user demand.

2. Service Interruptions and Recovery

The surge in trading volume led to latency issues and intermittent outages for some customers, with users reporting delays in order execution. Robinhood’s engineering team addressed the bottlenecks and restored full functionality later in the session, highlighting potential scalability challenges during high-profile IPOs.