No there is no physical server with a VPS share. Not having a physical server saves money and energy.

The letters "VPS" stand for "Virtual Private Server". A VPS is a type of hоsting service where a virtual machine is created on a physical server, allowing users to have their own isolated environment with dedicated resources like CPU, RAM, disk space, and bandwidth. VPS hоsting is a popular option for websites or applications that require more control and flexibility than shared hоsting, but don't necessarily require the dedicated resources and higher cost of a dedicated server.

A VPS server can be used to run many applications and game servers as well as host many websites. A Linux VPS server is said to give higher performance, more security and reliability at a reasonable price compared with other VPS running on other interfaces.

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Yes, the point of a VPS is to be able to host a server 24/7 as long as you're paying the bills for it.