<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF LORAL SPACE & COMMUNICATIONS LTD. FOR THE QUARTER ENDED
SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                     $   649,348
<SECURITIES>                                         0
<RECEIVABLES>                                  394,145
<ALLOWANCES>                                         0
<INVENTORY>                                    158,593
<CURRENT-ASSETS>                             1,304,902
<PP&E>                                       1,800,100
<DEPRECIATION>                                 165,815
<TOTAL-ASSETS>                               5,047,132
<CURRENT-LIABILITIES>                          315,284
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    735,481
<COMMON>                                         2,436
<OTHER-SE>                                   2,324,800
<TOTAL-LIABILITY-AND-EQUITY>                 5,047,132
<SALES>                                        833,061
<TOTAL-REVENUES>                               833,061
<CGS>                                          877,864
<TOTAL-COSTS>                                  877,864
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              38,088
<INCOME-PRETAX>                                (7,283)
<INCOME-TAX>                                  (10,531)
<INCOME-CONTINUING>                           (85,115)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (119,934)
<EPS-PRIMARY>                                   (0.45)
<EPS-DILUTED>                                   (0.45)