Why Sirius XM Holdings Rallied Nearly 50% in the First Half of 2026
Sirius XM rallied on the back of a big YouTube partnership, inflecting revenue, and speculation over its wireless spectrum assets in light of the SpaceX IPO.
Overview
Shares of satellite radio business Sirius XM Holdings (NASDAQ: SIRI) rallied 47.7% in the first half of 2026, according to data from S&P Global Market Intelligence.
Sirius is an interesting value stock and has been a long-term holding of Warren Buffett's conglomerate, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), which added to its stake last year as the stock price fell to low levels.
Details
With a low stock price heading into 2026, Sirius mounted a near-50% comeback as it inked a major partnership with advertising giant YouTube. In addition, Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) initial public offering put a spotlight on the value of satellite spectrum, which Sirius owns as an asset on its balance sheet.
Source
Originally published at www.fool.com.