It all started with a trip to Vegas on August 9, 2022, our family’s first since the pandemic started in 2020.
As the Uber driver was taking us from McCarren airport to the Venetian, a big sphere-shaped structure caught my attention. For a split second I thought to myself: hold on a second, what is that? Even though it looks under construction, how could I not have heard or read about it, since I am so into Vegas and know all the new things coming to the city.
So right away I asked our driver and he explained what it was. That same trip, staying at the Venetian, I was close to it to see it almost daily, whether walking or when driving.
Fast forward 12 months later, this thing is now complete - albeit not officially open- and people are absolutely in love and mesmerized by its design and more importantly the outside LED display.
So I thought to myself:
-too bad, why couldn’t they just turn this into a resort hotel, it would generate a lot more money than being a stand-alone concert venue.
-regardless of whether this is a resort or a concert venue only, one thing is true: it will not only be visible to anyone visiting Vegas - 40 million or more a year - it will captivate their imagination. So with this huge exposure, I thought of an idea: how can we invest in this thing? So I started researching to see if this company has a stock to trade and indeed it does: SPHR is the ticker symbol for Sphere Entertainment Co
And today, given my internet search about this topic of late, I got a notification of the article below that was curated for me by Bing Chat (AI generated)
So why not treat this like an investment project, solely based on the Sphere in Vegas? That is, with its official debut coming soon, why not start a small position in this company and see where the stock goes in 3-5 years? Yes, this would be better left there longer than a few months; to allow the Sphere to develop its magic to boost the company’s profitability and name.
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