North America · West

85°W

Sirius XM is the registry operator, with 3 satellites on station and an FCC license (5 rows).

Occupancy ±0.4°: Sirius XM 2/3 · Intelsat 1/3.

On stationUnrecorded in ClarkeBrought into use (in-orbit + FCC record)FCC ×5

TLE as of 2026-09-23. FCC SSAL stale (2026-04-30). UCS 2023-04-07. Position disagreement.

Occupancy

On station
3 satellites

±0.4° TLE-primary. Majority Sirius XM (2/3).

Space-Track TLE (primary) + UCS Satellite Database (fallback) · Sep 23, 2026
Registry operator
Sirius XM
Window majority
Sirius XM
Operator mix
Sirius XM 2/3 · Intelsat 1/3
Country
USA
Purpose
Communications
Status
On station
Position source
2 TLE / 1 UCS fallback
Remaining life
Life-extended / past UCS design life · ~-0.8y (n=3)
Coverage proxy
North America · GDP 1.60 · pop 1.10
Source operator strings (UCS)
  • Sirius XM: Sirius XM Holdings; XM Satellite Radio
  • Intelsat: Intelsat S.A.

Co-located satellites (3)

SatelliteLaunched
Sirius XM-8Dispute
TLE occupancy
2021
Sirius XM-3 (Rhythm)
UCS fallback
2005
Galaxy-17Dispute
TLE occupancy
2007

Rights

License / FCC
brought into use

5 FCC rows

FCC SSAL + UCS occupancy · Apr 30, 2026

Recorded rights (FCC)

Recorded public layers only. FCC SSAL when present; otherwise inferred administration/operator. ITU SNS is not ingested. The Unrecorded chip is not a filled filing row.

  1. National administration
    V
    U.S.A.

    FCC lists administration as U.S.A..

    FCC Approved Space Station List · Apr 30, 2026
    recorded
  2. Operator license
    V
    2 FCC licensees

    5 FCC authorizations · Sirius XM (XM Radio LLC; Sirius XM Radio Inc.; Sirius XM Radio LLC); Intelsat (Intelsat License LLC) · S2617, S2616, S3034, S3166, S2715. Not a single-holder deed.

    FCC Approved Space Station List · Apr 30, 2026
    recorded

FCC / license signals (5)

SatelliteCall sign
XM-3S2617
XM-4S2616
SXM-8S3034
SXM-9S3166
GALAXY 17S2715

FCC Approved Space Station List · Apr 30, 2026 · class V

Freshness

TLE epoch
2026-09-23

FCC SSAL 2026-04-30 is stale. UCS vintage 2023-04-07.

FCC Approved Space Station List · Apr 30, 2026
Congestion 43 · Moderate · 3 co-located
Clarke congestion v0 ← TLE-primary occupancy longitudes · Sep 23, 2026

Labeled model. Not a live market price.

Implied fair value

Fair value (v0)
$89M

medium · $58M–$121M CI · labeled model

Clarke valuation v0 (model) · Sep 23, 2026

No trade tape. Seeded model-path sparklines are Experimental, not default Terminal.

Arc desirabilityNorth America×1.60
Coverage (GDP/pop)North America · GDP 1.60 · pop 1.10×1.11
Occupancy3 co-located satellites (TLE-primary ±0.4°)×1.36
Remaining lifeLife-extended / past UCS design life · ~-0.8y (n=3)×0.88
OperatorRegional / other operator×1.05
SpectrumNo band data (UCS-derived)×1.00
ScarcityCongestion score 43×1.22
License / BIUBrought into use (in-orbit + FCC record) · US market access×1.10
Driver breakdown is Pro

Full driver breakdown, compare, export+, and API sit behind a Terminal seat.

Valuation v0 is a model-based implied fair-value range from public registry data, not a live market price, appraisal, or offer to transact. Methodology · Valuation v0 · Data trust

Nearest comps

Positions outside this slot's ±0.4° occupancy window. Not transaction comps.

SlotΔSatsCong.Fair value
84°W1.0°130$86M
86.2°W1.2°133$71M
87°W2.0°233$106M
87.2°W2.2°225$112M
82°W3.0°120$75M
81°W4.0°115$71M
ExperimentalSeeded v0 model path (not trades)Not default Terminal

This block is quarantined from the default Slot Terminal. It is a labeled stub or simulation, not recorded public occupancy or FCC data, and it is not a market. ITU SNS is not ingested.

Model backfill. Not observed trades, not a price index.

$109M
2026-09-15 · synthesized · model backfill, not trades

Free seats see a 7-day backfill. Pro unlocks 30-day persisted model path.

ExperimentalUnrecorded layers (ITU SNS not ingested; sub-lease stub)Not default Terminal

This block is quarantined from the default Slot Terminal. It is a labeled stub or simulation, not recorded public occupancy or FCC data, and it is not a market. ITU SNS is not ingested.

Quarantined stubs. Not filled panels. ITU SNS is not ingested in this product. These rows reserve the rights-chain shape; they are not live filings or named lessees.

  1. ITU filing
    S
    Not recorded in Clarke

    ITU SNS is not ingested. This flag is not a network name, not brought-into-use evidence, and not a filled filing row. Quarantined stub. A filled ITU network panel would look like a deed; this row is not one.

    Clarke stub (ITU SNS not ingested) · Apr 30, 2026 · ITU filing: not recorded in Clarke
    stub
  2. Sub-lease / capacity lease
    S
    No public sub-lease registry

    Quarantined stub. There is no public feed of transponder or payload sub-leases. This layer is reserved for operator-disclosed or future marketplace filings and is not a named lessee.

    Clarke stub · Apr 30, 2026 · Unknown. Not mocked as a named lessee
    stub
ExperimentalSimulated capacity book (not a market)Not default Terminal

This block is quarantined from the default Slot Terminal. It is a labeled stub or simulation, not recorded public occupancy or FCC data, and it is not a market. ITU SNS is not ingested.

Simulated capacity book

SIMULATED capacity book — not live bids, offers, or trades. Derived from valuation v0 and congestion so the strip can be read; it is not a marketplace.

36 MHz transponder-equivalent · USD (simulated) · spread 10.4% · Sep 23, 2026
Bids
$85M
88 MHz
$83M
59 MHz
$80M
29 MHz
Asks
$94M
70 MHz
$96M
53 MHz
$99M
35 MHz

Provenance · occupancy TLE-primary Sep 23, 2026 · UCS catalog Apr 7, 2023 · FCC SSAL Apr 30, 2026 · valuation v0 Sep 23, 2026 · snapshots seeded 2026-09-15 (model path, not trades)

Default Terminal is occupancy + FCC + freshness + labeled model. ITU SNS is not ingested (Unrecorded in Clarke). Simulated book, ITU/sub-lease stubs, and seeded sparklines are Experimental. Not financial advice.