Founder Profile
David Margolese
Last reviewed: October 2026 · By Swet Parvadiya
Who is David Margolese?
David Margolese is a founder of Sirius XM Holdings Inc., which was founded in 2008 with Hugh Panero.
- Company founded
- Sirius XM Holdings Inc.
- Founded
- 2008
- Co-founders
- Hugh Panero
Background
Canadian entrepreneur who previously founded the massive cellular provider Rogers Wireless.
Founding Story
David Margolese founded CD Radio (which was later renamed Sirius Satellite Radio) in 1990. Believing that consumers would pay for commercial-free, digital-quality radio broadcast from space, he spent a decade fiercely lobbying the FCC to allocate satellite frequencies. He raised the massive $1.5 billion required to launch the initial constellation of satellites before resigning as CEO in 2001, just as the service finally launched.