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of US$12.00 per share. American Mobile Satellite remained the majority holder of the public company.

In April 2000, American Mobile Satellite Corp. changed its name to Motient. In July, American Honda joined several private investors in a US$235 million preferred stock investment in the company.

2001-2005

On September 25, 2001, XM Satellite Radio launched in San Diego and Dallas-Fort Worth, with

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