Quarterly report [Sections 13 or 15(d)]

Property and Equipment (Tables)

v3.26.3
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment, net, consists of the following:
September 30, 2026 December 31, 2025
Satellite system $ 2,236  $ 1,931 
Capitalized software and hardware 2,863  2,854 
Construction in progress 667  565 
Other
 763  725 
Total property and equipment 6,529  6,075 
Accumulated depreciation (4,191) (3,815)
Property and equipment, net $ 2,338  $ 2,260 
Construction in progress consists of the following:
September 30, 2026 December 31, 2025
Satellite system $ 237  $ 413 
Capitalized software and hardware 364  74 
Other 66  78 
Construction in progress $ 667  $ 565 
Schedule of Orbiting Satellites The chart below provides certain information on our satellites as of September 30, 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(2)
SXM-8 2021 2036 2029
SXM-9
 2025 2040 2033
SXM-10
 2025 2040 2033
SXM-11 2026 2041 2034
(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.
(2)We filed an application with the FCC to extend the license for our XM-5 satellite during the quarter ended September 30, 2026 and expect it to be granted routinely.