But less than two years in, the Sphere is a money pit that even U2, members of the Grateful Dead, Darren Aronofsky, and the Eagles haven’t been able to make profitable. Since its parent company, Sphere EntertainmentSPHR $28.06 (3.47%), started breaking it out as a separate unit in the middle of 2022, the Sphere has seen a staggering $1.18 billion total operating loss