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Intuitive Machines (LUNR) stock: SXM-11 satellite milestone strengthens SiriusXM partnership. SXM-11 enters service after successful testing, reinforcing Intuitive Machines' long-term role in SiriusXM's satellite network. Tldr. Table of Contents * Intuitive Machines completes SXM-11 handover after successful in-orbit testing. * SXM-11 strengthens SiriusXM's satellite network and long-term service reach. * The handover extends a partnership that has produced 13 spacecraft together. * Recent acquisitions expand Intuitive Machines' Build-Connect-Operate strategy. * LUNR rises as SXM-11 adds another completed commercial satellite milestone. Intuitive Machines (LUNR) stock gained after the company completed the SXM-11 satellite handover to SiriusXM. LUNR traded at $14.11, up 1.69%, after rebounding from late-morning lows toward intraday highs. The milestone strengthens a long-running satellite partnership and expands the company's role in commercial space infrastructure. Intuitive Machines completes SXM-11 satellite handover. Intuitive Machines completed the SXM-11 handover after finishing successful in-orbit testing. The satellite now supports SiriusXM's communications network as a fully operational geostationary platform. SpaceX launched SXM-11 aboard a Falcon 9 rocket on June 28, 2026. The satellite extends SiriusXM's next-generation space network and follows the earlier SXM-9 and SXM-10 spacecraft. SiriusXM uses these high-powered satellites to strengthen service reach, reliability, and network resilience. The new spacecraft also supports the company's premium in-car satellite radio services across its customer base. Intuitive Machines and SiriusXM have worked together on satellite development for more than two decades. The companies have built 13 spacecraft through their long-running commercial relationship. The partners have also started work on the next satellite, extending the program beyond SXM-11. SXM-11 milestone strengthens SiriusXM partnership. The SXM-11 handover shows Intuitive Machines can deliver complex commercial spacecraft through full mission completion. The company handled design, manufacturing, testing, and final delivery requirements for the satellite program. This performance strengthens its position as a supplier of high-power satellite platforms for commercial operators. SiriusXM continues to rely on the partnership as it modernizes its satellite network. The network supports broad coverage for audio services and connected in-car experiences. SXM-11 adds another operational asset that improves capacity and supports long-term service stability. The project also adds another completed mission to Intuitive Machines' growing space systems portfolio. The company serves commercial, civil, and national security customers across several mission areas. Its spacecraft work now reaches Earth orbit, cislunar operations, and broader deep-space infrastructure programs. LUNR expands broader space infrastructure strategy. Intuitive Machines has expanded its business through several recent acquisitions across the space sector. The company acquired KinetX, Lanteris Space Systems, Goonhilly Earth Station, and COMSAT. These deals add navigation, spacecraft, ground-station, and communications capabilities to its operating structure. Management has organized these assets under a Build-Connect-Operate strategy for integrated space infrastructure. The model combines spacecraft production with communications networks and ongoing mission operations. That structure allows Intuitive Machines to compete for larger projects requiring several technical capabilities under one provider. The SXM-11 delivery fits directly into this broader strategy and demonstrates existing execution in commercial satellite programs. Intuitive Machines continues building infrastructure for communications, exploration, security, and commerce beyond Earth. Its expanding capabilities support the company's effort to operate as a full-service space infrastructure prime. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants

Sirius XM chief executive Jennifer Witz said the company is targeting free cash flow of $1.375 billion this year and $1.5 billion next year, up from $1.25 billion last year. Speaking at Goldman Sachs' Communacopia + Technology Conference, she said the growth would be supported by $100 million in planned cost savings and lower satellite-fleet capital spending. The company reported 1.4% churn in the second quarter and is expanding features including 360L, Companion and continuous service. It is also offering lower-priced options such as a $5 Sports Pass and $7 ad-supported Play plan. Advertising revenue rose 5% in the quarter. Sirius XM is broadening partnerships with SoundCloud, Amazon, Apple and YouTube, whilst evaluating potential sales, leases or joint ventures involving its spectrum holdings.

Sirius XM CEO highlights cash flow growth, new sports plans and ad expansion at Conference. Jennifer Witz, chief executive officer of Sirius XM (NASDAQ:SIRI), said the company's strategy remains centered on strengthening its subscription business, expanding advertising and improving efficiency, with recent operating results providing what she described as evidence that the approach is working. Speaking at Goldman Sachs' Communacopia + Technology Conference, Witz said Sirius XM reported solid subscription performance in the second quarter, including higher average revenue per user, low churn and strong customer satisfaction. Advertising revenue rose 5% in the quarter, while the company remains on track to deliver $100 million in gross cost savings this year, she said. Witz reiterated the company's free-cash-flow expectations of $1.375 billion this year and $1.5 billion next year, compared with $1.25 billion last year. She said lower capital expenditures for the satellite fleet as that investment cycle is completed next year should support cash generation and create greater capacity for shareholder returns, including share repurchases. Subscription initiatives target retention and demand. Witz said Sirius XM's in-car business remains a significant competitive advantage, despite perceptions that satellite radio could face a rapid decline. The company is seeking to expand vehicle penetration at appropriate economics, increase used-car penetration and attract customers through extended-duration plans, she said. The company is also emphasizing a more personalized in-car experience through SiriusXM with 360L. The platform is used by roughly 20% of self-pay subscribers and is expected to be available in just over 60% of new-car sales by year-end, according to Witz. Data from the platform is helping Sirius XM make content and product decisions, including the addition of local sports content, she said. Witz added that 360L has produced better conversion, retention and ARPU, while providing flexibility to offer different packages and enhanced features. Second-quarter churn was 1.4%, Witz said. While the company expects modestly greater self-pay net-add losses this year than last year, she attributed part of that outlook to a reduced reliance on unpublished discounts and a shift toward customers rolling from trials into full-price plans. She said the transition may pressure near-term net additions but should improve the longer-term revenue profile. Sirius XM is also using its Companion offering and continuous-service initiative to support retention. The Companion plan allows a paying subscriber to provide another household member with a radio or streaming subscription at zero ARPU. Witz said Sirius XM has about 300,000 Companion additions and that more than 80% of users say the feature has added value to their subscription. Continuous service is designed to reduce friction when customers change vehicles by preserving their subscription, profile, preferences and streaming credentials while they determine where to place the service. Witz said future auto-transfer capabilities could further reduce customer leakage. Lower-priced packages and exclusive content. Witz said Sirius XM is pursuing lower-priced, content-focused packages to broaden its addressable market while continuing to add value to its broader subscription bundle. The company has launched its ad-supported Play music offering at $7 per month and is introducing Sports Pass at $5 per month. Sports Pass will include Sirius XM's sports programming, including play-by-play rights across the four major leagues, other sports coverage, sports talk and local sports stations through Audacy. Witz said the product could attract listeners who already subscribe to a music service but want broader sports access. The company also sees opportunities in comedy and true crime. Witz cited recent additions including Sebastian Maniscalco and said Sirius XM is launching an ABC 20/20 channel after seeing success with its Dateline channel. Witz described human curation, exclusive programming and live content as the company's key differentiators. She pointed to country channel The Highway, which she said reaches 25% of Sirius XM subscribers each month, as an example of the company's "fandom" strategy built around artist discovery, personalities, listener participation and exclusive events. Advertising partnerships and spectrum optionality. On advertising, Witz said Pandora accounts for about half of Sirius XM's advertising revenue. The company is expanding its third-party representation business through partnerships involving SoundCloud, Amazon's DSP, Apple's podcast ecosystem and YouTube. With YouTube, Sirius XM expects to reach 255 million monthly listeners, representing 90% of the U.S. population above age 13, Witz said. The partnership is beginning to launch and is expected to make a small contribution this year, with a more meaningful impact anticipated in the second half of next year. The company will monitor advertiser demand, repeat business and revenue as it evaluates the deal's progress. Witz also discussed the company's spectrum portfolio, including 25 MHz of S-band spectrum used for its service and 5 MHz on either side in WCS blocks acquired in 2024. She said Sirius XM has seen interest related to potential spectrum uses, including direct-to-device applications, but is prioritizing value over speed. Potential structures could include a sale, lease, joint venture or other commercialization arrangement, Witz said, adding that the company must consider technical and regulatory feasibility. She said the company has reached its target leverage ratio and intends to prioritize investment in the business, maintain leverage and return excess capital to shareholders. About Sirius XM (NASDAQ:SIRI). Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms. The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.