Prostacyclin is increasingly implicated in re‐endothelialization and angiogenesis but through largely unknown mechanisms. Herein the high‐density lipoprotein (HDL) scavenger receptor class B, type 1 (SR‐B1) adapter protein PDZ domain‐containing protein 1 (PDZK1) was identified as an interactant of the human prostacyclin receptor (hIP) involving a Class I PDZ ligand at its carboxyl terminus and PDZ domains 1, 3, and 4 of PDZK1. The interaction is constitutive, but may be dynamically regulated following cicaprost activation of the hIP through a mechanism involving cAMP‐dependent protein kinase (PK)A‐phosphorylation of PDZK1 at Ser505. Although PDZK1 did not increase overall levels of the hIP, it increased its functional expression at the cell surface, enhancing ligand binding and cAMP generation. Consistent with a role in re‐endothelialization and angiogenesis, cicaprost activation of the hIP increased endothelial cell migration and tube formation/in vitro angiogenesis, effects abrogated by the specific IP antagonist RO1138452. Furthermore, similar to HDL/SR‐B1, small interfering RNA (siRNA)‐targeted disruption of PDZK1 abolished cicaprost‐mediated endothelial responses but did not affect VEGF responses. The identification of PDZK1 as a functional interactant of the hIP sheds significant mechanistic insights into the protective roles of these key players within the vascular endothelium. Funded by SFI.