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Dom Perignon, moon pies and fortunes flow as Wall Street feted SpaceX's historic IPO

NEW YORK, June 12 (Reuters) - The first day of SpaceX trading is over. Now, the parties begin. At the “Top of the House” of JPMorgan’s $4 billion headquarters in midtown Manhattan on Friday, CEO Jamie Dimon will serve moon pies, space ice cream ‌and custom cloud candy to SpaceX

Dom Perignon, moon pies and fortunes flow as Wall Street feted SpaceX's historic IPO
Yahoo Finance — 12 June 2026
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NEW YORK, June 12 (Reuters) - The first day of SpaceX trading is over. Now, the parties begin.

At the “Top of the House” of JPMorgan’s $4 billion headquarters in midtown Manhattan on Friday, CEO Jamie Dimon will serve moon pies, space ice cream ‌and custom cloud candy to SpaceX COO Gwynne Shotwell, CFO Brett Johnsen and 250 of the rocket maker's employees to celebrate the company’s ‌record-shattering, historic IPO, according to a person familiar with the festivities.

Downtown, in the heart of New York's financial district, a group of venture capital investors were hosting a $30,000 rooftop party for 30 with ​A5 Wagyu beef sliders, Don Julio tequila, Macallan 18-year Scotch and Dom Pérignon champagne, a person familiar with that party's preparations said. The ice cubes for the cocktails, this person said, have the company’s stylized “X” logo stamped into the ice.

The SpaceX IPO minted a fresh class of millionaires, paid banks hundreds of millions in fees, added billions in profits to early institutional investors and turned founder Elon Musk into the world's first trillionaire. The festivities unfolded against a backdrop of slowing consumer spending and renewed ‌concerns about inflation, underscoring the gap between Wall Street's ⁠enthusiasm and Main Street's unease about the economy.

At least 4,000 current and former SpaceX employees alone held equity stakes worth more than $1 million at the time of the IPO, according to estimates from Hill.com, a platform that facilitates trading in shares of ⁠private companies. Another 400 employees held stakes worth more than $100 million, it said.

"He (Musk) has long been reaching for the stars with his extra-terrestrial ambitions, and it appears plenty of investors share his enthusiasm for the future," said Susannah Streeter, chief investment strategist at Wealth Club.

The Nasdaq stock exchange, which won the listing, broadcast a 120-foot image of Musk ​standing ​at the opening bell ceremony across its big screen in Times Square. Musk posted a ​photo on X of Morgan Stanley's banking team, including CEO Ted ‌Pick, co-president Dan Simkowitz and star technology banker Michael Grimes wearing matching green sneakers, nodding to the bank's need to exercise the "greenshoe" option that allocates extra shares in case of extraordinary investor demand.

Banks involved in the IPO, which stand to make some $500 million in fees, have been hosting investor events and parties all week, people familiar with the festivities said.

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"He (Musk) has long been reaching for the stars with his extra-terrestrial ambitions, and it appears plenty of investors share his enthusiasm for the future,"
— Yahoo Finance
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