The brokerage says it saw “record-breaking traffic.”<\/p>\n<\/p><\/div>\n
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\n <\/source><\/source><\/picture>\n gguy\/Shutterstock<\/span>\n <\/div>\n
It 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<\/a> The Wall Street Journal<\/em>.<\/p>\n Reports of disruptions spiked Friday morning on downdetetcor.com<\/a>, 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<\/a>, 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.<\/p>\n Robinhood confirmed the issues, which it described as “intermittent,” in a post on X<\/a>. “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.”<\/p>\n Robinhood 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.<\/p>\n \u2014 Robinhood Help (@AskRobinhood) June 12, 2026<\/a><\/p>\n<\/blockquote>\n A 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.<\/p>\n It’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<\/a> that was largely fueled by retail traders on Robinhood. A congressional report later revealed<\/a> that executives and employees had struggled to keep up with the sudden influx of new users and the massive spike in trading volume.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n