Premium Champagne and Ice Cubes Engraved with Logos... SpaceX Makes Ultra-Luxurious Stock Market Debut

JPMorgan Proposed the Party to Musk
Lavish Celebrations Held Across Wall Street
Critics Call It a Farce Amid U.S. Economic Polarization

As SpaceX made its debut on the Nasdaq market, news emerged of an ultra-luxurious stock market debut party featuring premium whisky, champagne, and top-grade Wagyu steak.

On the 12th (local time), a video commemorating SpaceX's listing was screened on the exterior wall of the JP Morgan building. Photo by Reuters Yonhap News

On June 12 (local time), Bloomberg and The Wall Street Journal reported that after SpaceX successfully completed its first day of trading on the Nasdaq, a series of celebratory events were held on Wall Street, the heart of New York’s financial district.

At a rooftop party hosted by a group of venture capital investors in downtown, each cocktail ice cube was engraved with SpaceX’s “X logo.” Although only 30 people attended, the cost of the party reached as much as 30,000 dollars (about 45 million won).

There was also a celebration directly arranged by JPMorgan, one of the joint underwriters of the initial public offering (IPO). While most IPO parties are typically held at well-known restaurants, this banquet took place on the 57th floor at the top of JPMorgan’s Midtown Manhattan headquarters. This celebration was initiated after Jamie Dimon, CEO of JPMorgan, personally proposed the idea to SpaceX CEO Elon Musk several months ago.

The party featured the “Carvery Countdown” tomahawk steak engraved with the SpaceX and JPMorgan logos, cocktails named “The Future Belongs to Everyone,” “Starship,” and “Falcon 9,” as well as “Moon Pie,” “Space Ice Cream,” and “Cloud Cotton Candy”—all grouped as “Desserts Among the Stars.” JPMorgan also used the digital signage on its building’s exterior to display a video depicting a SpaceX rocket launch.

Goldman Sachs, the lead underwriter for the IPO, held a celebratory event on the night of June 11, when the IPO price was determined. On the day of the IPO, asteroid-shaped macarons were distributed to visiting guests.

On the 12th (local time), SpaceX employees are celebrating SpaceX's successful debut at the Nasdaq MarketSite in New York, USA. Photo by Yonhap News Agency

However, criticism has arisen that these extravagant celebrations on Wall Street are out of touch with the economic reality of American society. Recently, concerns about slowing consumer spending and inflation have resurfaced in the United States. In this context, it is being pointed out that only the financial sector and the wealthy are enjoying prosperity. Foreign media noted, "The festivities on Wall Street stand in stark contrast to the economic anxieties of ordinary citizens," and evaluated that "SpaceX’s listing has become an example that highlights the reality of social polarization in the United States."

On this day, there was a protest in front of JPMorgan’s headquarters directly targeting CEO Musk and Wall Street. Participants criticized Musk, who recently became the world’s first “trillionaire,” and called for an end to financial policies favoring the wealthy.

According to Bloomberg, with SpaceX trading at 150 dollars per share on the Nasdaq, Musk’s total assets have reached 1.05 trillion dollars (about 1,594 trillion won). This figure far surpasses the gross domestic product (GDP) of Taiwan (97.67 billion dollars), Ireland (77.9 billion dollars), Sweden (76 billion dollars), and Singapore (66 billion dollars), and is nearly equivalent to the GDP of Switzerland.

This content was produced with the assistance of AI translation services.