XM Satellite Radio Shares Gain 18%

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John Corn

Thread Starter
The Coach / Supporter
Supporting Founder
Sep 6, 2003
North Canton, Ohio.
Investors sent shares of XM Satellite Radio Holdings Inc. climbing last week following news that the company's service will be standard on some 2004 Honda Accords.

All 2004 S2000 roadsters will also be XM-ready. Dealers are already able to offer XM's satellite radio service on the Honda Pilot.

The District-based company announced last week that it had completed a secondary stock offering, netting it $150 million. The company had decided to raise the funds needed for a spare satellite in the event that its insurance company does not pay for XM's two malfunctioning satellites.

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