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Business Wire
a day ago
- Business
- Business Wire
SiriusXM's SXM-10 Satellite Successfully Begins Operational Service
NEW YORK & PALO ALTO, Calif.--(BUSINESS WIRE)--SiriusXM and Maxar Space Systems announced today that the SXM-10 satellite has completed in-orbit testing and is now fully operational by SiriusXM following its successful launch by a SpaceX Falcon 9 rocket on June 7, 2025. SXM-10 will provide continuous reliable delivery of SiriusXM's audio entertainment and information services to consumers. SXM-10 is the 11th high-powered, digital audio radio satellite built by Maxar Space Systems on the Maxar 1300™ platform. Share 'The SXM-10 satellite strengthens the health of our fleet and the infrastructure that provides a critical foundation for our audio entertainment and information services enjoyed by tens of millions of people across North America,' said Bridget Neville, SiriusXM's Senior Vice President & GM of Signal Distribution Engineering. 'The successful launch and handover of SXM-10 marks another milestone in our long-standing partnership with SiriusXM,' said Chris Johnson, CEO of Maxar Space Systems. 'This satellite reflects our shared commitment to innovation and reliability, and we are proud to be able to leverage our proven Maxar 1300™ platform to help SiriusXM deliver advanced audio entertainment services to millions of listeners.' SXM-10 will help provide continuous reliable delivery of SiriusXM's audio entertainment and information services to consumers. SXM-10 is the 11 th high-powered, digital audio radio satellite built by Maxar Space Systems for SiriusXM and is built on the Maxar 1300™ platform. SXM-10 is more than 27 feet tall and over 100 feet long with its solar arrays deployed, and weighed almost 6,600 kg at launch. SXM-10 features a large unfurlable S-band reflector antenna supplied by L3Harris that enables SiriusXM programming to reach approximately 175 million SiriusXM-equipped vehicles on the road today. SXM-10 is the second new satellite to commence service for SiriusXM in 2025 after SXM-9 began service in January. SiriusXM and Maxar Space Systems previously announced that Maxar Space has also been commissioned to build the SXM-11 and -12 satellites for SiriusXM, and those programs are ongoing with launches expected in 2026 and 2027, respectively. About Sirius XM Holdings Inc. SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Reaching a combined monthly audience of approximately 160 million listeners, SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: About Maxar Space Systems Maxar Space Systems is a leading satellite manufacturer and provider of advanced solutions for space exploration. We deliver innovative solutions to commercial and government customers helping them unlock the promise of space to solve problems on Earth and beyond. We address a broad spectrum of needs for our customers, including mission systems engineering, product design, spacecraft manufacturing, assembly, integration and testing. Maxar Space Systems is a trusted partner in commercial and government missions, combining more than 65 years of deep mission understanding and industry leading performance. For more information, visit This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about our outlook and our future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning or the negative version of such these words or phrases. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: Risks Relating to our Business and Operations: We face substantial competition and that competition has increased over time; our SiriusXM service has suffered a loss of subscribers and our Pandora ad-supported service has similarly experienced a loss of monthly active users; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; failure to successfully monetize and generate revenues from podcasts and other non-music content could adversely affect our business, operating results, and financial condition; we may not realize the benefits of acquisitions or other strategic investments and initiatives; and the impact of economic conditions may adversely affect our business, operating results, and financial condition. Risks Relating to our SiriusXM Business: Changing consumer behavior and new technologies relating to our satellite radio business may reduce our subscribers and may cause our subscribers to purchase fewer services from us or to cancel our services altogether, resulting in less revenue to us; a substantial number of our SiriusXM service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our SiriusXM service is uncertain; our business depends in part upon the auto industry; the imposition of tariffs by the United States government could have a major effect on the United States auto industry, which Sirius XM is dependent upon as a material source of new subscribers; failure of our satellites would significantly damage our business; and our SiriusXM service may experience harmful interference from wireless operations. Risks Relating to our Pandora and Off-platform Business: Our Pandora and Off-platform business generates a significant portion of its revenues from advertising, and reduced spending by advertisers could harm our business; emerging industry trends may adversely impact our ability to generate revenue from advertising; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain our advertising revenue our results of operations will be adversely affected; changes to mobile operating systems and browsers may hinder our ability to sell advertising and market our services; and if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners. Risks Relating to Laws and Governmental Regulations: Privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC requirements could damage our business; we may face lawsuits, incur liability or suffer reputational harm as a result of content published or made available through our services; and environmental, social and governance expectations and related reporting obligations may expose us to potential liabilities, increased costs, reputational harm, and other adverse effects. Risks Associated with Data and Cybersecurity and the Protection of Consumer Information: If we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; we use artificial intelligence in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability and adversely affect our results of operations; and interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business. Risks Associated with Certain Intellectual Property Rights: Rapid technological and industry changes and new entrants could adversely impact our services; the market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining complex licenses with copyright owners, and these licenses contain onerous terms; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; and some of our services and technologies use 'open source' software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses. Risks Related to our Capital Structure: While we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; our holding company structure could restrict access to funds of our subsidiaries that may be needed to pay third party obligations; we have significant indebtedness, and our subsidiaries' debt contains certain covenants that restrict their operations; and our ability to incur additional indebtedness to fund our operations could be limited, which could negatively impact our operations. Risks Related to the Transactions: We may have a significant indemnity obligation to Liberty Media, which is not limited in amount or subject to any cap, if the transactions associated with the Split-Off are treated as a taxable transaction; we may determine to forgo certain transactions that might otherwise be advantageous in order to avoid the risk of incurring significant tax-related liabilities; we have assumed and are responsible for all of the liabilities attributed to the Liberty SiriusXM Group as a result of the completion of the Transactions, and acquired the assets of SplitCo on an 'as is, where is' basis; we may be harmed by securities class action and derivative lawsuits in connection with the Transactions; it may be difficult for a third party to acquire us, even if doing so may be beneficial to our stockholders; we have directors associated with Liberty Media, which may lead to conflicting interests; and our directors and officers are protected from liability for a broad range of actions. Other Operational Risks: If we are unable to attract and retain qualified personnel, our business could be harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2024, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site ( The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Yahoo
15-03-2025
- Business
- Yahoo
Sirius XM Holdings (NasdaqGS:SIRI) Sees 6% Dip Following Disappointing Q4 2024 Revenue
Sirius XM Holdings recently appointed Richard N. Baer as Executive Vice President, General Counsel, and Secretary, signaling a significant leadership transition as Sirius XM navigates complex market conditions. The company's share price declined by 5.97% over the last quarter, a period marked by several noteworthy developments. These include the disappointing revenue figures in their Q4 2024 earnings announcement, with total revenue declining year-over-year, while net income improved. Concurrently, the broader market faced turbulence, with major indexes posting consecutive weekly losses amid economic and political uncertainties, compounded by faltering consumer sentiment and inflation concerns. This backdrop likely influenced Sirius XM's stock performance despite corporate efforts such as share buybacks and operational expansion with the launch of the SXM-9 satellite. The period also saw Sirius XM's declared dividend of $0.27 per share, consistent with their commitment to returning value to shareholders amidst a challenging quarter. Navigate through the intricacies of Sirius XM Holdings with our comprehensive balance sheet health report here. Uncover 15 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Over the last five years, Sirius XM Holdings experienced a total return decline of 41.63%, which reflects ongoing challenges despite operational efforts. The company underperformed the US Media industry, which had a 7% decline in the past year, and the broader US market, which saw a return of 9.5%. A significant factor was the substantial increase in losses, averaging 15.8% annually, driven by declining revenue and unprofitability. Additionally, Sirius XM faces valuation concerns, being priced unfavorably compared to its peers. Its removal from the NASDAQ Composite Index in November 2024 may have also impacted investor sentiment. Despite efforts such as the satellite expansion with SXM-9 becoming fully operational in January 2025, the economic pressure continues. The company's attempts at financial management, including share repurchases reaching 10.85 billion shares, did not cushion against declining shareholder confidence. Furthermore, the company declared successive dividends, though the payout isn't well covered by earnings, adding to financial strain. These factors collectively reflect the challenges Sirius XM faces in the competitive media industry landscape. Shareholder in Sirius XM Holdings? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:SIRI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
27-01-2025
- Climate
- Yahoo
SpaceX rocket launch recap: Live updates from Starlink mission Monday from Cape Canaveral
Launch recap: Scroll down to review live updates from of a SpaceX Falcon 9 rocket from Cape Canaveral on the Starlink 12-7 mission. Original story: Welcome to FLORIDA TODAY Space Team live coverage of the evening-rush-hour SpaceX Starlink 12-7 mission from Cape Canaveral Space Force Station. SpaceX is now targeting 5:05 p.m. EST to launch the rocket from Launch Complex 40. Expect 95% "go for launch" weather, the Space Force's 45th Weather Squadron predicts. The squadron only forecasted a 5% chance of cumulus clouds postponing the mission during the 4½-hour launch window, coupled with a low-to-moderate risk of upper-level wind shear. The Falcon 9 will deploy a batch of Starlink internet satellites, which are packed inside the fairing atop the 230-foot rocket. No Central Florida sonic booms are expected, and the Falcon 9 will soar skyward along a southeasterly trajectory. Cape Canaveral: Is there a launch today? Upcoming SpaceX, Blue Origin, NASA rocket launch schedule in Florida Countdown Timer Update 5:13 p.m.: The Falcon 9 first-stage booster just landed aboard SpaceX's drone ship A Shortfall of Gravitas in the Atlantic Ocean, completing its 20th mission. Update 5:05 p.m.: Liftoff! SpaceX has just launched the Falcon 9 carrying 21 Starlink satellites — including 13 with direct-to-cell communications capabilities — from Launch Complex 40 at Cape Canaveral Space Force Station. Update 5 p.m.: SpaceX's launch webcast is now posted above, right below our countdown clock. Liftoff is scheduled in five minutes from Cape Canaveral Space Force Station. Update 4:53 p.m.: Twelve minutes before liftoff, a large-scale front continues tracking just north of the Florida border — but the Sunshine State peninsula remains free of worrisome cloud cover, this National Weather Service radar loop shows. Update 4:43 p.m.: Today's mission marks the Falcon 9 first-stage booster's 20th flight, SpaceX reported. This much-traveled booster previously launched CRS-26, SXM-9, OneWeb Launch 16, Instelsat IS-40e, O3B mPOWER, Ovzon 3, Eutelsat 36D, Turksat 6A, Maxar 2 and 10 Starlink missions. Following stage separation, crews expect the booster to land atop the SpaceX drone ship A Shortfall of Gravitas in the Atlantic Ocean 8 minutes, 9 seconds after liftoff. Update 4:33 p.m.: Falcon 9 fueling procedures are underway at Launch Complex 40, as indicated by white vapor billowing alongside the rocket. That means the upcoming Starlink mission countdown is now locked in to lift off at 5:05 p.m. without any delays, or else today's launch must be postponed. Update 4:20 p.m.: Here's a rundown of SpaceX's upcoming behind-the-scenes countdown timeline. T-minus: 38 minutes: SpaceX launch director verifies 'go' for propellant load. 35 minutes: Rocket-grade kerosene and first-stage liquid oxygen loading begins. 16 minutes: Second-stage liquid oxygen loading begins. 7 minutes: Falcon 9 begins engine chill prior to launch. 1 minute: Command flight computer begins final prelaunch checks; propellant tank pressurization to flight pressure begins. 45 seconds: SpaceX launch director verifies 'go' for launch. 3 seconds: Engine controller commands engine ignition sequence to start. 0 seconds: Liftoff. Update 4:10 p.m.: Brevard County Emergency Management officials have activated the agency's launch operations support team ahead of SpaceX's upcoming Falcon 9 launch. Update 3:57 p.m.: This National Weather Service radar loop from the Melbourne Orlando International Airport station shows no significant cloud cover across the entire Central Florida peninsula. Update 3:40 p.m.: More information from the 45th Weather Squadron's forecast, which also encompassed a Tuesday afternoon backup launch window: "Surface high pressure across the Southeast (Sunday) will build east of FL early Monday, maintaining dry conditions for the primary launch window. A front will dig southeast across the Spaceport Tuesday; however, a lack of moisture will keep conditions dry for the backup window," the forecast said. "There is only a small chance of a Cumulus Cloud Rule violation during the primary launch window, with a very low probability of weather violations for the backup window," the forecast said. For the latest news and launch schedule from Cape Canaveral Space Force Station and NASA's Kennedy Space Center, visit Rick Neale is a Space Reporter at FLORIDA TODAY. Contact Neale at Rneale@ Twitter/X: @RickNeale1 Space is important to us and that's why we're working to bring you top coverage of the industry and Florida launches. Journalism like this takes time and resources. Please support it with a subscription here. This article originally appeared on Florida Today: SpaceX launch recap: Live updates from Monday mission at Cape Canaveral
