Reunited and it feels so good. A monumental event happened Wednesday night (Aug. 7) as Jay Z and Damon Dash were spotted chatting with each other at a birthday party for Hov's business associate Chaka Pilgrim.

Dash posted a photo on his Instagram page of Jay and himself smiling for the camera. The picture instantly went viral on Twitter.

The split between the Roc-A-Fella founders in 2004 has long been discussed in the media. In an April interview with the Combat Jack Show, Dash said that business ultimately ended their partnership.

"Things never really got f---ed up; it just got over," he said. "Me and Jay wasn't never arguing, me and Jay never was beefin', it was just over, and Roc-A-Fella didn't exist anymore."

"I thought the way Jay carried things was a betrayal to the company," he added. "I just felt like Roc-A-Fella should exist, like Cash Money still exists, like Bad Boy still exists, like every other label still exists."

Jay Z, however, left the door open for a possibility for the two to reunite and renew their friendship.

“The thing, what we built, you can’t take that away so no matter what, no time or space -- the love is still there” Jay told Angie Martinez on her Hot 97 radio program. “Because what we’ve done will forever be stamped in history. We created something that’s gonna go down forever. So I can only have love for Dame."

All and all, Jay Z and Damon Dash smiling and talking to each other is a huge deal. No need to start speculating on what the two were chatting about. Let's just bask in the moment of two legendary executives reuniting and catching up on old times.