Catalyst: there is significant activity in the radio spectrum market as of mid-2026, driven by the need for more capacity to support 5G and future 6G services, as well as the rapid rise of satellite-to-device (direct-to-device/D2D) technology. The FCC has a major pipeline of spectrum auctions and sales scheduled or in progress, totaling over 800 MHz of mid-band spectrum slated for release by the end of 2027
Will be looking to exit my LEAPs as of the date of posting. After further reviewing of the numbers and other opportunities, SiriusXM does not fit the type of business i am looking for now. The business looks like the type of business which Munger deems as "cheap current cash flows plus Massive Optionality" -- similar to BYD company. This is due to its satellite capabilities that gives rise to broader data streaming and other potential 5G applications
Until further research and clarity, I will sit this out
Not my play, too many smart people
Catalyst: there is significant activity in the radio spectrum market as of mid-2026, driven by the need for more capacity to support 5G and future 6G services, as well as the rapid rise of satellite-to-device (direct-to-device/D2D) technology. The FCC has a major pipeline of spectrum auctions and sales scheduled or in progress, totaling over 800 MHz of mid-band spectrum slated for release by the end of 2027
Will be looking to exit my LEAPs as of the date of posting. After further reviewing of the numbers and other opportunities, SiriusXM does not fit the type of business i am looking for now. The business looks like the type of business which Munger deems as "cheap current cash flows plus Massive Optionality" -- similar to BYD company. This is due to its satellite capabilities that gives rise to broader data streaming and other potential 5G applications
Until further research and clarity, I will sit this out