See the Epic Moment! Gwyneth Paltrow Freaks Out Over Bestie Robert Downey Jr.’s 2024 Oscar Win Mid-Highlights

Paltrow shared her cute video on Instagram Stories on Sunday Not even a root-bleaching session was going to keep Gwyneth Paltrow from watching the 2024 Academy Awards

Published Time: 11.03.2024 - 05:31:09 Modified Time: 11.03.2024 - 05:31:09

Paltrow shared her cute video on Instagram Stories on Sunday

Not even a root-bleaching session was going to keep Gwyneth Paltrow from watching the 2024 Academy Awards.

Especially because her pal Robert Downey Jr. was up for Best Supporting Actor for his role in Oppenheimer.

Paltrow, 51, who is an Oscar winner herself, shared a video to her Instagram Stories, while watching a live stream of the Oscars, and cheered when Downey Jr. was announced as the winner. As she turned her phone around to show her excited face, she also showed off her hairstyling session in progress!

Downey Jr., whose win at this year's awards show marks his first Oscar win after being nominated three times, was cracking jokes from the minute he took the stage, beginning his speech by saying, "I'd like to thank my terrible childhood and the Academy, in that order."

He then went on to say, "I'd like to thank my veterinarian — I meant wife — Susan Downey over there. She found me, a snarling rescue pet, and loved me back to life. That's why I am here. Thank you."

Downey Jr. also nodded to those who worked with him on the film, includin -

g directorChristopher Nolan, the writer, producer and director ofOppenheimer, as well as producerEmma Thomasand his costarsCillian Murphy,Emily BluntandMatt Damon.

Never miss a story — sign up for PEOPLE's free daily newsletter to stay up to date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.

Paltrow, who has been friends with Downey Jr. for years and who starred with him in the Iron Man franchise, toldPeople in 10in 2021 that after working together several times, "I feel like I was able to find an incredible, lifelong, inspirational partner and friend.”

And the feeling is mutual.

Downey Jr. told Howard Stern in 2016 thatPaltrow is his "free pass"because of their bond, and also because she's such good friends with his wife.

"My free pass is — because her and Susan are such good friends — is Paltrow," the actor said, before jokingly adding, "I gotta get her back in these movies so I can make out with her onscreen again."

The 96th Oscars will air live on ABC from the Dolby Theatre on Sunday, March 10, at 7 p.m. ET.