Sirius XM

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Intuitive Machines Completes SXM-11 Satellite Handover to SiriusXM - $Intuitive Machines(LUNR.US) $Sirius XM(SIRI.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗜𝗻𝘁𝘂𝗶𝘁𝗶𝘃𝗲 𝗠𝗮𝗰𝗵𝗶𝗻𝗲𝘀 completes 𝗦𝗫𝗠-𝟭𝟭 satellite handover to SiriusXM.

➤ 𝗦𝗫𝗠-𝟭𝟭 is now fully operational after successful in-orbit testing.

➤ Satellite launched aboard 𝗦𝗽𝗮𝗰𝗲𝗫 𝗙𝗮𝗹𝗰𝗼𝗻 𝟵 on June 28, 2026.

➤ SXM-11 uses Intuitive Machines' 𝗜𝗠 𝟭𝟯𝟬𝟬™ series platform.

➤ Partnership has produced 𝟭𝟯 𝘀𝗽𝗮𝗰𝗲𝗰𝗿𝗮𝗳𝘁 over more than two decades.

➤ Work is already underway on SiriusXM's 𝗻𝗲𝘅𝘁 satellite.

➤ SXM-11 strengthens SiriusXM network 𝗿𝗲𝗮𝗰𝗵, reliability, and resilience.

➤ Recent acquisitions expand Intuitive Machines' 𝗕𝘂𝗶𝗹𝗱-𝗖𝗼𝗻𝗻𝗲𝗰𝘁-𝗢𝗽𝗲𝗿𝗮𝘁𝗲 framework.

➤ Company is expanding as an integrated 𝘀𝗽𝗮𝗰𝗲 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 prime.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Successful handover demonstrates Intuitive Machines' 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝘀𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 execution capabilities.

➤ Continued SiriusXM orders provide evidence of 𝗿𝗲𝗽𝗲𝗮𝘁 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 demand.

➤ Operational SXM-11 enhances SiriusXM's 𝘀𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗻𝗲𝘁𝘄𝗼𝗿 resilience and coverage.

➤ Acquisitions broaden LUNR's exposure beyond lunar missions into 𝘀𝗽𝗮𝗰𝗲 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗦𝗲𝗮𝗻 𝗚𝗶𝗯𝗯𝗼𝗻𝘀, Chief Product and Technology Officer at SiriusXM:

“For more than two decades, SiriusXM and the Intuitive Machines team have worked together to design and deliver multiple generations of high-powered satellites,” said Sean Gibbons, Chief Product and Technology Officer at SiriusXM. “This latest satellite builds on the success of SXM-9 and SXM-10, and work is already underway on the next satellite in the series. That sustained partnership is strengthening the reach, reliability and resilience of our next-generation satellite network and helping us deliver the premium in-car experience our subscribers count on.”

𝗖𝗵𝗿𝗶𝘀 𝗝𝗼𝗵𝗻𝘀𝗼𝗻, President, Intuitive Machines Space Systems:

“SXM-11 marks another milestone in our longstanding partnership with SiriusXM. Over the course of our relationship, we have built 13 spacecraft together,” said Chris Johnson, President, Intuitive Machines Space Systems. “This handover reflects our shared commitment to mission success and the confidence SiriusXM continues to place in our team to deliver high-performance, reliable space systems. We continue to demonstrate our ability to design, build, and deliver satellite systems that meet the demanding requirements of today’s commercial space market with robust, scalable high-power platforms.”

Cook on the new Siri beta that's been our for three week is that its "really really great", and "could not be more excited about where the product is"

My take: Thats to be expected.

Source: Gene Munster

Cook said there are other "enormous opportunities for Apple in AI. Excited about Siri AI, and the ability to run some percentage of requests on device is strategic and a competitive weapon"

My take: The meat of Apple's AI opportunity over the next couple of years is the new Siri AI's ability to power to an upgrade cycle and bring in new users because it would be AI that just works.

Other new "enormous" opportunities that will be opened up because of inference on device is likely something on wearables and an AI first device. $Apple(AAPL.US)

Source: Gene Munster

$Apple(AAPL.US) closed up 4% vs the Nasdaq up 0.5%.

The new Siri AI in iOS 27 public beta released yesterday gives investors concrete evidence that Apple finally has the AI chops it’s long been missing. This is the same setup that fueled Google’s sharp rerating in April 2025.

After using the beta for a day, I can attest it’s like having a new phone .

Source: Gene Munster