Sphere Entertainment stock soars 11% after Las Vegas venue opening

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The Sphere plans to host live concerts and sporting events. The Sphere plans to host live concerts and sporting events.

Fans took to social media to share their excitement at the performances, which

to have a big turnout.

Sphere calls itself a “next-generation entertainment medium” that aims to bring a fresh take to live entertainment, fit with a futuristic dome-shaped arena and wall-to-wall video screens. The Las Vegas venue is the company’s first opening.

The company has also announced plans to build another Sphere in London, pending approvals.

The company’s market cap sits at about $1.4 billion.appeared