Sirius XM Holdings (SIRI) has activated its brand-new SXM-10 satellite, confirming after weeks of orbital testing that the satellite is now live and part of its active fleet.
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| SXM-10 |
This development follows the debut of SXM-9 earlier this year and underscores Sirius XM’s continued investment in its space infrastructure, with additional satellite launches planned over the next two years.
The company’s latest move comes during a period of mixed share performance.
Sirius XM has reported a 9% gain over the past three months and is up roughly 7% for the year; however, the longer-term trend remains less positive, as the stock is still down 28% over the past year with negative returns accumulating since 2020.
Revenue growth has been declining, and net income has decreased over the last year, making the recent price movements noteworthy as the business evolves.
As Sirius XM invests further in technical upgrades and the renewal of its satellite fleet, some investors may be considering whether momentum is building. After a challenging year for shareholders, the key question is whether Sirius XM represents a potential value opportunity, or if recent optimism is already reflected in the current share price.