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Investing.com64d agoneutral
Investing.com’s stocks of the week

Investing.com -- Investors have had to assess a mix of earnings disappointments, capital raises, and shifting fortunes, with the week headlined by SpaceX's high-profile public market debut.

SpaceX IPO Went Off Mostly Smoothly For Retail Brokerages
Barrons.com64d agoneutral
SpaceX IPO Went Off Mostly Smoothly For Retail Brokerages

Investors may not have gotten as many shares of SpaceX from brokerage firms as they would have liked. There were some technical issues at Robinhood, however. A spokeswoman for Charles Schwab said that "the process went as anticipated, with an unprecedented number of clients requesting shares and all eligible clients who completed the affirmation process receiving at least a portion of their requested order."

Some Users Report Robinhood Outages
The Wall Street Journal64d agoneutral
Some Users Report Robinhood Outages

Some users reported issues with Robinhood’s platform in the half hour or so after shares of SpaceX started trading. Reports of problems with the app started climbing around 11:40 a.m. in New York and were still rising around noon, according to the website DownDetector.

Bloomberg64d agoneutral
Robinhood Clients Face Issues in Early Moments of SpaceX Trading

(Bloomberg) -- Robinhood Markets Inc. customers faced issues during the highly anticipated first minutes of SpaceX trading on Friday.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesSpaceX Shares Indicated More Than 35% Higher on Gray MarketsRoughly 5,000 outages were reported as of 11:5

Investing.com64d agoneutral
SpaceX guide: Everything you need to know about the biggest IPO in history

Investing.com -- SpaceX begins trading on Nasdaq today under the ticker SPCX, targeting a valuation of approximately $1.75 trillion and seeking to raise $75 billion, more than 2.5 times the previous record set by Saudi Aramco (TADAWUL:2222) in 2019. The scale alone rewrites the record books. But the more interesting argument for "unique" runs deeper than the headline number.

Cathie Wood sells her favorite stock despite surge
TheStreet65d agoneutral
Cathie Wood sells her favorite stock despite surge

Robinhood Markets (NASDAQ: HOOD) rose as much as 8% intraday on June 10. The rally followed a cluster of developments that landed one after the other, including a share purchase, a fresh regulatory milestone, and strong monthly trading data. Even so, Cathie Wood's ARK Invest sold its ...

Analyst hikes Robinhood price target on new product
TheStreet66d agoneutral
Analyst hikes Robinhood price target on new product

Robinhood Markets (Nasdaq: HOOD) is a Menlo Park, California-based e-trading brokerage platform that is best-known for its stock, cryptocurrency, and tokenized stock offerings. Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, the exchange has become popular among retail ...

Why is Robinhood surging on June 10?
TheStreet66d agoneutral
Why is Robinhood surging on June 10?

Robinhood Markets (NASDAQ: HOOD) jumped more than 8% during market hours on June 10, trading around $90 at press time. The rally followed a cluster of updates that landed in quick succession, spanning a major purchase, a fresh regulatory milestone, and strong monthly trading data. A regulatory ...

Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs
Barrons.com67d agoneutral
Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs

CEO Vlad Tenev announced that Robinhood Securities, a broker-dealer and clearing unit, has been “approved” to serve as an underwriter. It isn’t clear which regulatory body approved Robinhood, but Finra and the SEC oversee aspects of the IPO process. The move builds on the company’s current IPO offering that gives brokerage customers the ability to purchase shares of private companies going public.

SpaceX IPO Now Accessible Via Crypto Exchange Bybit's Tokenized Offering, But Here's What You Should Know
Benzinga68d agoneutral
SpaceX IPO Now Accessible Via Crypto Exchange Bybit's Tokenized Offering, But Here's What You Should Know

Cryptocurrency exchange Bybit announced on Saturday that it will enable investors to participate in the tokenized initial public offering linked to Elon Musk’s aerospace giant, SpaceX. Use USDC To Buy SpaceX The offering will be via Bybit IPO Express, a platform that lets users submit a subscription request for a tokenized representation of an IPO. Eligible users can sign up for the SpaceX IPO offering and submit subscription requests using supported cryptocurrencies, including USDC (CRYPTO: USD

MicroStrategy, Robinhood, Circle stocks attempt recovery
TheStreet72d agoneutral
MicroStrategy, Robinhood, Circle stocks attempt recovery

On June 1, Strategy (NASDAQ: MSTR), formerly MicroStrategy, announced the sale of 32 Bitcoin (BTC) that it conducted last week. With 843,706 BTC on its balance sheet, the company is still the largest Bitcoin treasury company. But this instance was its first Bitcoin sale in years, sending ...

Robinhood Wants to Do More Business With Advisors. Referrals, AI, and IPOs Are Part of the Plan.
Barrons.com73d agoneutral
Robinhood Wants to Do More Business With Advisors. Referrals, AI, and IPOs Are Part of the Plan.

Robinhood Markets is expanding the services it can offer to registered investment advisory firms as the company seeks to drum up business for TradePMR, its unit that provides technology and asset-management and custody services to RIAs. At a company conference for advisors held this week in Washington, D.C., Robinhood unveiled new details about its client referral service, artificial intelligence capabilities, and access to IPOs for clients of RIAs. The moves signal how Robinhood intends to build on TradePMR, which it acquired just over a year ago.

Robinhood CEO launches bold agentic AI trading feature
TheStreet74d agoneutral
Robinhood CEO launches bold agentic AI trading feature

Wall Street has spent years talking about how artificial intelligence is changing how people invest. Robinhood just made that conversation very real. The new-age broker announced two new products that allow AI agents to act on your behalf within the Robinhood (HOOD) platform. I am not talking ...