00:00It's Benzinga bringing Wall Street to Main Street.
00:02Robinhood saw record-breaking traffic Friday after SpaceX shares began trading on Nasdaq,
00:07according to a post on X. The platform said some customers experienced latency and intermittent
00:14issues before it quickly recovered. SpaceX shares closed up 19.22% on their first trading day at
00:21$160.95, pushing the company's market cap past $2 trillion and making Elon Musk the world's
00:28first trillionaire per Nasdaq data. SpaceX made only about 4% of its shares available in the
00:33initial public offering, a move that positioned the stock for extreme price swings. The IPO boosted
00:40not just Robinhood, but also related equities, including PowerLawCorp, a closed-end fund with
00:45SpaceX as its largest holding at roughly 19% of net assets, which surged Friday pre-
00:51For all things money, visit Benzinga.com.
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