![]() In 1997, after Margolese had obtained regulatory clearance and "effectively created the industry," the FCC also sold a license to XM Satellite Radio, which followed Sirius's example. The company successfully bid $83.3 million to purchase their satellite radio license. Margolese renamed the company CD Radio, and spent the next five years lobbying the FCC to allow satellite radio to be deployed, and the following five years raising $1.6 billion, which was used to build and launch three satellites into elliptical orbit from Kazakhstan in July 2000. Six months later, in November 1992, Rogers Wireless co-founder David Margolese, who had provided financial backing for the venture, acquired control of the company and succeeded Briskman. Former NASA engineer Robert Briskman, who designed the company's satellite technology, was then appointed Chairman and CEO. In April 1992, she resigned as chairman and CEO of Sirius in order to start a medical research foundation, focused on finding a cure for her daughter's illness. The company was the first to petition the FCC to assign unused frequencies for satellite radio broadcast, which “provoked a furor among owners of both large and small radio stations.” Rothblatt had previously helped create the PanAmSat international satellite television system, and helped launch and served as CEO of the Geostar satellite navigation system. In 1990, Martine Rothblatt founded Satellite CD Radio, Inc. Sirius was founded by Martine Rothblatt, David Margolese and Robert Briskman.
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