{"slug": "the-spacex-ipo-broke-robinhood-for-some-people", "title": "The SpaceX IPO broke Robinhood for some people", "summary": "Robinhood experienced outages and intermittent issues on Friday as SpaceX shares began trading publicly, with users reporting crashes and latency amid record-breaking traffic. The brokerage confirmed the problems, saying essential systems have recovered, but some users continued to face difficulties.", "body_md": "# The SpaceX IPO broke Robinhood for some people\n\nThe brokerage says it saw \"record-breaking traffic.\"\n\nIt looks like trading platform Robinhood may not have been fully prepared for SpaceX IPO Day. Shortly after shares of Elon Musk's rocketship/AI/social media company began trading publicly, users started reporting issues with the brokerage service, [according to](https://www.wsj.com/livecoverage/spacex-ipo-stock-market-06-12-2026/card/some-users-report-robinhood-outages-Mfb11qwVhPRpqttap50Z) *The Wall Street Journal*.\n\nReports of disruptions spiked Friday morning on [downdetetcor.com](http://downdetetcor.com), a website that monitors service outages, peaking at more than 5,500 reports. There were also numerous reports of Robinhood crashing on Reddit and X. In a post on [r/raceto10million](https://www.reddit.com/r/TheRaceTo10Million/comments/1u3z559/spacex_ipo_has_crashed_robinhood/), numerous users said they were unable to access Robinhood at all, though some said they were able to place orders for SPCX before the app crashed.\n\nRobinhood confirmed the issues, which it described as \"intermittent,\" in [a post on X](https://x.com/AskRobinhood/status/2065474359066607892). \"Robinhood saw record-breaking traffic today,\" the company said. \"As a result, some customers experienced latency and intermittent issues. Essential systems have recovered and our teams are closely monitoring.\"\n\nRobinhood saw record-breaking traffic today. As a result, some customers experienced latency and intermittent issues. Essential systems have recovered and our teams are closely monitoring.\n\n— Robinhood Help (@AskRobinhood)\n\n[June 12, 2026]\n\nA look at the replies, however, suggests that the technical problems are ongoing, at least for some users. Robinhood didn't immediately respond to a request for comment.\n\nIt's not the first time the brokerage has struggled during a high-profile moment. The company faced numerous technical issues during the 2021 [meme stock craze](https://www.engadget.com/reddit-gamestop-squeeze-congress-hearings-002519817.html) that was largely fueled by retail traders on Robinhood. A congressional report [later revealed](https://www.wsj.com/finance/stocks/employees-scrambled-to-keep-robinhood-afloat-in-january-2021-meme-stock-frenzy-house-report-finds-11656185206) that executives and employees had struggled to keep up with the sudden influx of new users and the massive spike in trading volume.", "url": "https://wpnews.pro/news/the-spacex-ipo-broke-robinhood-for-some-people", "canonical_source": "https://www.engadget.com/2193459/the-spacex-ipo-broke-robinhood-for-some-people/", "published_at": "2026-06-12 19:54:23+00:00", "updated_at": "2026-06-14 13:45:51.007848+00:00", "lang": "en", "topics": ["ai-products", "ai-startups"], "entities": ["Robinhood", "SpaceX", "Elon Musk", "Downdetector", "Reddit", "X"], "alternates": {"html": "https://wpnews.pro/news/the-spacex-ipo-broke-robinhood-for-some-people", "markdown": "https://wpnews.pro/news/the-spacex-ipo-broke-robinhood-for-some-people.md", "text": "https://wpnews.pro/news/the-spacex-ipo-broke-robinhood-for-some-people.txt", "jsonld": "https://wpnews.pro/news/the-spacex-ipo-broke-robinhood-for-some-people.jsonld"}}