[aplummer]

Yeah if this was a stock, I’d be buying it today. The thing is great.

[Satam]

Apparently it is a stock? https://www.google.com/finance/quote/SPHR:NYSE?sa=X&ved=2ahU...

[LastTrain]

It is, which is why they have to report the loss. SPHR - let us know how it goes!

[jeffnappi]

Fascinating, a brand new entity that effectively went public the day it began generating revenue. Are there other examples of this?

[chollida1]

> Fascinating, a brand new entity that effectively went public the day it began generating revenue.

This isn't correct.

THe stock has been public since 2020. It just happens to own the Sphere.

[jeffnappi]

Thank you for pointing that out. Also it was a spinoff of Madison Square Gardens which makes sense how it IPO'd pre revenue-

https://www.sec.gov/Archives/edgar/data/1952073/000119312523...

[joezydeco]

Pixar IPOed a week after Toy Story was released in theatres.

[toomuchtodo]

You'd want to wait to be part of recapitalization after a reorg is required. The deal is made on the buy, not buying someone else's bags.

EDIT: See gosub100's comment [1].

(not investing advice, educational purposes only)

[1] https://news.ycombinator.com/item?id=38206727

[LastTrain]

I have a feeling this one’s a bit different, the operating costs to keep that ball of one-off technology running have to be insane.

[nonethewiser]

Sure sounds like investing advice

[jon-wood]

Yes, but they’ve said it isn’t, which is apparently sufficient even if you run an ad saying “InvestCo is great, you can make a ton of money from them [terms & conditions apply, you may actually lose money instead, not investment advice]”

[maxerickson]

It's a silly affectation rooted in lawyers commenting about a generality in a context where specifics might be inferred.

[maxerickson]

Not English, just looks like it. Assume meanings of words at your own risk.