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Robinhood climbs after its fund invests $75 mln in OpenAI

ReutersApr 22, 2026 2:42 PM
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Shares of Robinhood Markets HOOD.O rose 3.1% at $89.03 in early trading

The retail trading platform's venture fund invested $75 million in ChatGPT maker OpenAI

The investment, via Robinhood Ventures Fund I RVI.N, aims to give retail investors access to high-profile privately held companies

Signals a thawing of tensions between the two companies that flared last summer when Robinhood said it would grant 5 euros worth of blockchain-based "stock tokens" for private companies, including OpenAI and SpaceX

RVI stock rose 10.4% to $27.10

Including session's moves, HOOD stock down 21% YTD

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