-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 MaYnMQhDCKK6O++QUzYIzQ==

<SEC-DOCUMENT>0000950123-97-008328.txt : 19971007
<SEC-HEADER>0000950123-97-008328.hdr.sgml : 19971007
ACCESSION NUMBER:		0000950123-97-008328
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19971006
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LORAL SPACE & COMMUNICATIONS LTD
		CENTRAL INDEX KEY:			0001006269
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				133867424
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	333-26517
		FILM NUMBER:		97691435

	BUSINESS ADDRESS:	
		STREET 1:		600 THIRD AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		2126971105

	MAIL ADDRESS:	
		STREET 1:		600 THIRD AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>LORAL SPACE & COMMUNICATIONS LTD.
<TEXT>

<PAGE>   1
                                                                  Rule 424(b)(3)
                                                      Registration No. 333-26517

                       LORAL SPACE & COMMUNICATIONS LTD.

               PROSPECTUS SUPPLEMENT NO. 3 DATED OCTOBER 6, 1997
                       TO PROSPECTUS DATED JULY 11, 1997

         The Selling Holders table on pages 7-10 of the Prospectus is hereby
amended to update the information regarding the following entities and their
respective number of shares of Preferred Stock and Common Stock:

<TABLE>
<CAPTION>
                                                                            Number of Shares of        Number of Shares of
                                                                              Preferred Stock              Common Stock
                                                                              ----------------             ------------
<S>                                                                                <C>                          <C>
Selling Holders                                                                    
- ---------------                                                                    
Goldman, Sachs & Co.  . . . . . . . . . . . . . . . . . . . . . . . . .            125,000                      312,500
Q Investments, L.P. . . . . . . . . . . . . . . . . . . . . . . . . . .             38,250                       95,625
Highbridge Capital Corporation, with Amalgamated Gadget,                           
   L.P., as Agent . . . . . . . . . . . . . . . . . . . . . . . . . . .              8,750                       21,875
R2   Investments, LDC . . . . . . . . . . . . . . . . . . . . . . . . .              3,000                        7,500
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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