SpaceX shares are being closely watched on Thursday as more than 900 million insider shares become eligible for sale for the first time, following the company's stock market debut in June.
The company's first-ever earnings report, published on Tuesday, showed strong revenue growth but also raised questions about heavy spending on artificial intelligence and infrastructure.
Despite expectations of a sell-off, the stock was still in positive territory by midday, though it had retreated from earlier gains.
Mitch Mccann has more from New York.
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Mitch Mccann in New York says investors remain sceptical about the prospect of a deal on the Strait of Hormuz, leaving markets in wait-and-see mode.
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