From private claims to a 13F entry: the SpaceX IPO conversion and downstream supply gates Private SPV claims convert into reportable SPCX public shares at the IPO, land as a 13F line in the mid-August filing, then meet a thin-float venturi and a lock-up dam whose opening releases pre-IPO supply toward re-marking risk. Section 13(f) boundary pre-IPO · private claims post-IPO · reportable Nasdaq SPCX public listing SPCX · SPCX · SPCX · SPCX private claims SPV & secondaries not 13F-reportable IPO conversion public SPCX common 13(f) security form 13F SPCX new position 13F entry · mid-August float gate thin reported float early index inclusion pre-IPO shares supply pressure re-marking risk above IPO price lock-up expiry pre-IPO / SPV holders able to sell