Quarterly report [Sections 13 or 15(d)]

Property and Equipment (Tables)

v3.26.1
Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment, net, consists of the following:
  March 31, 2026 December 31, 2025
Satellite system $ 1,931  $ 1,931 
Capitalized software and hardware 2,860  2,854 
Construction in progress 691  565 
Other
725  725 
Total property and equipment 6,207  6,075 
Accumulated depreciation (3,935) (3,815)
Property and equipment, net $ 2,272  $ 2,260 
Construction in progress consists of the following:
  March 31, 2026 December 31, 2025
Satellite system $ 441  $ 413 
Capitalized software and hardware 169  74 
Other 81  78 
Construction in progress $ 691  $ 565 
Schedule of Orbiting Satellites The chart below provides certain information on our satellites as of March 31, 2026:
Satellite Description Year Delivered Estimated End of
Depreciable Life
FCC License Expiration Year
SIRIUS FM-5 2009 2024 2030
SIRIUS FM-6 2013
2026(1)
2030
XM-5 2010 2025 2026
SXM-8 2021 2036 2029
SXM-9
2025 2040 2033
SXM-10
2025 2040 2033
(1)The useful life of Sirius FM-6 was changed from November 2028 to December 2026, and was accounted for as a change in accounting estimate.