NEW YORK, Jan 28, 2026, 19:38 EST — After-hours trading
- Robinhood shares fell 1.8%, ending the day at $103.40, and showed little movement after hours
- Bloomberg reported that Robinhood is pursuing a retail position in a possible SpaceX IPO
- A filing revealed that Robinhood’s CTO sold shares according to a pre-established 10b5-1 plan
Shares of Robinhood Markets Inc (HOOD.O) fell 1.8% to $103.40 on Wednesday, then held steady in after-hours trading. The move came after Bloomberg reported the brokerage is aiming to secure SpaceX shares for retail investors ahead of the company’s potential initial public offering — a rare chance for the public to buy into a private firm. Bloomberg noted Robinhood is competing with major Wall Street banks for a portion of the stock to offer through its IPO Access platform, which allows users to buy shares at the IPO price before the public market opens. Bloomberg.com
Robinhood’s appeal is straightforward: a high-profile IPO can attract new users and keep current ones engaged, especially when it offers the unusual perk of access at the offer price rather than just the chance to buy in once trading begins. It also edges the company nearer to the underwriting world it depends on but seldom shapes.
SpaceX might be the headline IPO that puts that pitch to the test. According to the Financial Times, the rocket and satellite giant is considering a mid-June offering that could bring in up to $50 billion, valuing the company near $1.5 trillion. Reuters reported the story but couldn’t immediately confirm it, and SpaceX has yet to comment. Reuters
Robinhood CEO Vlad Tenev has been championing another major concept alongside the IPO discussions: tokenized stocks, which are digital versions of shares tracked on a blockchain. “But without regulatory clarity, such efforts are moot,” Tenev said in a post on X, according to TheStreet. TheStreet
Insider selling also came into focus. Chief Technology Officer Jeffrey Tsvi Pinner offloaded 5,864 Class A shares on Jan. 26, with weighted-average prices hovering just above $105 up to around $108. These sales happened under a Rule 10b5-1 plan, letting executives sell shares on a preset schedule. The transactions were disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Jan. 28. SEC
On the Street, one analyst stayed bullish. Needham’s John Todaro held firm with a Buy rating Wednesday, maintaining his $135 price target, Benzinga reports. Benzinga
The SpaceX angle remains just that—a possibility—and a deal this big can stall, shrink, or vanish for months, leaving the stock to react to whatever news comes next. Regulatory scrutiny has resurfaced: a coalition featuring Robinhood, Kalshi, and Coinbase kicked off a lobbying campaign this week after insider-trading concerns rocked the prediction-markets sector, Business Insider reported. Business Insider
Traders on Thursday will be eyeing any follow-up moves sparked by the recent SpaceX buzz, keeping an ear out for new filings or analyst comments as the stock reacts to the rapid news flow.
Robinhood will unveil its fourth-quarter and full-year 2025 results on Feb. 10, after markets close, the company announced. The earnings call with CEO Vlad Tenev and incoming CFO Shiv Verma is set for 5 p.m. ET. globenewswire.com
