Market News / Story
Sirius XM (SIRI) Stock Is Up, What You Need To Know
Stock Story ·
Stock Story reports: What Happened? Shares of satellite radio and media company Sirius XM jumped 2.7% in the morning session after market participants linked SpaceX's $8 billion deal for Grain Management's spectrum portfolio to the value of the company's licensed satellite spectrum. According to StreetInsider, SpaceX agreed to pay $8 billion for up to 14 MHz of paired 800 MHz spectrum from Grain Management, a portfolio that came from T-Mobile and still needs FCC approval. That price works…