As a possible sign that things may truly be improving for Sirius XM, the company has seen a massive increase in stock value for the business. After Liberty Media pumped a life-saving $530M into Sirius, Wall Street reacted with an impressive response.

Tuesday morning saw SIRI stock value increase by an astonishing 111% to 22 cents per share in direct reflection of the company’s positive financial status. More than 32 million shares were traded in the early morning, half of the usual, average per month amount of 65 million shares.

Things appear to be looking up for Sirius XM Radio, good news indeed for fans of the satellite radio giant.

[Via Radio & Records]