Is the SpaceX IPO Enough to Rescue Robinhood Stock?

Robinhood Markets was selected as one of five brokerages to offer SpaceX shares in its record IPO, which boosted Robinhood stock 6% since the offering. However, the article argues the SpaceX IPO alone won't rescue Robinhood stock, which remains 36% below its highs due to heavy reliance on volatile cryptocurrency revenue (down 47% YoY) and prediction markets. While Robinhood is diversifying into traditional financial services like stock underwriting and bank accounts, the company remains high-risk and suitable only for investors with high risk tolerance.