David Margolese (born October 24, 1957) is an Israeli entrepreneur, philanthropist, and co-founder of Sirius XM Radio,[5] serving as chairman and CEO from 1993 to 2002.
Cantel would ultimately become Rogers Wireless,[8] as of 2012 the largest cellular company in Canada, with over 9.3 million subscribers and revenues over $7 billion.
[8] Following a brief, unsuccessful stint in Israel struggling to land a license for his new cellular consortium Teletec,[1] Margolese moved to New York City in 1990 and purchased control of a newly formed venture named CD Radio Inc.[14][15] He served as chairman and CEO of the satellite radio company.
[10][11] The primary obstacle faced by CD Radio and then Sirius was resistance from the Federal Communications Commission (FCC), who were under pressure from the National Association of Broadcasters, who felt threatened by the competition.
[17][18] Some of the money was obtained by gaining exclusive rights from Ford, Chrysler, BMW and Mercedes-Benz to feature Sirius in their automobiles.
[26] In 2012, one of Sirius's original backup satellites, now decommissioned, was donated for display to the Smithsonian Institution's National Air and Space Museum.