How much did SpaceX stock rise?

SpaceX stock gained more than 20% on its first trading day.

Did Robinhood face any issues?

Yes, Robinhood experienced technical issues due to record traffic, but still managed to close up 1.5%.

Schwab, Robinhood Stocks Rise on SpaceX IPO Day

Shares of retail brokers that offered SpaceX shares to customers at the IPO price rose on Friday. Charles Schwab gained 3%, boosted by solid asset and account growth, while Robinhood rose 1.5% despite technical issues from record traffic.

June 12, 2026

2 min read

Source: Barrons.com

Key Numbers

schwab stock change

+3%

robinhood stock change

+1.5%

spacex stock change

+20%

Shares of several retail brokers that offered shares of SpaceX to customers at the IPO price rose on Friday, although not as dramatically as SpaceX's more than 20% gain.

Performance Details

Charles Schwab shares were up 3% in late afternoon trading Friday, supported by the company's own positive news of solid growth in new assets and brokerage accounts.

Robinhood stock gained more than 1.5%, despite the firm reporting technical issues earlier Friday due to "record-breaking traffic."

Context

The gains come amid heightened investor interest in IPOs, particularly in the space and technology sectors. SpaceX is one of the most prominent private companies attracting investor attention.

What It Means for Investors

The moves reflect retail investors' appetite for private company exposure through trading platforms, potentially boosting brokers' revenue from trading fees and related services. However, risks associated with market volatility and private company valuations should be considered.

Frequently Asked Questions

Both stocks rose because the brokers offered their clients the opportunity to buy SpaceX shares at the IPO price, boosting trading activity and investor interest.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.