Shares of Sphere Entertainment surged by 11% on Monday following the highly successful opening weekend of its new Las Vegas venue. The company, founded by New York Knicks owner James Dolan, hosted a series of rock band U2 performances, which garnered significant excitement from fans on social media. Sphere Entertainment aims to revolutionize live entertainment with its futuristic dome-shaped arena and immersive video screens. The company has also revealed plans to construct a similar venue in London, pending approvals. With a market cap of approximately $1.4 billion, Sphere Entertainment is off to an impressive start in the entertainment industry.