EXHIBIT 11.1
CD RADIO INC.
(A DEVELOPMENT STAGE ENTERPRISE)
COMPUTATION OF NET LOSS PER SHARE
For the period
Three months ended May 17,1990
----------------------------- (date of inception)
March 31, March 31, to March 31,
1996 1995 1996
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Net loss ($516,883) ($433,036) ($16,222,148)
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Weighted average common
shares outstanding 9,357,793 9,198,960 6,814,617
Net common shares issuable upon
the exercise of outstanding
options issued within one year
of initial public offering - - 404,841
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Weighted average common
shares outstanding 9,357,793 9,198,960 7,219,458
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Net loss per common share
and common share equivalent ($0.06) ($0.05) ($2.25)
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