Exhibit 99.1

FOR IMMEDIATE RELEASE

                       CD Radio $200 Million Debt Offering

         New York, N.Y. - April 29, 1999 - CD Radio Inc. (Nasdaq: CDRD) today
announced that it launched an offering of $200 million of securities, in the
form of units consisting of Senior Secured Notes due 2009 with attached warrants
to purchase shares of CD Radio's Common Stock. A portion of the proceeds will be
pledged to pay the first three years of interest on the Senior Secured Notes,
with the balance used for the construction and launch of CD Radio's satellites
and other general corporate purposes.

         The units are being offered by the initial purchasers solely to certain
qualified institutional buyers pursuant to Rule 144A, have not been registered
under the Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from registration under
the Securities Act.

         CD Radio is building a digital satellite radio system for the broadcast
of 100 channels of music and other programming to motorists throughout the
United States. Scheduled to commence commercial operations at the end of the
fourth quarter of 2000, CD Radio plans to broadcast 50 channels of
commercial-free music and 50 channels of news, sports and entertainment
programming for a total monthly subscription fee of $9.95.

         CD Radio's programming will originate at its National Broadcast Studio
in New York City and be uplinked to the Company's three satellites. These
satellites are currently under construction at Space Systems/Loral and are
scheduled for launch beginning in January.

Any statements that express, or involve discussions as to, expectations,
beliefs, plans, objectives, assumptions, future events or performance are not
historical facts and may be forward-looking and, accordingly, such statements
involve estimates, assumptions and uncertainties which could cause actual
results to differ materially from those expressed in the forward-looking
statements. Accordingly, any such statements are qualified in their entirety by
reference to the factors discussed in CD Radio's Annual Report on Form 10-K for
the year ended December 31, 1998. Among the key factors that have a direct
bearing on CD Radio's results of operations are the potential risk of delay in
implementing CD Radio's business plan; increased costs of construction and
launch of necessary satellites; dependence on satellite construction and launch
contractors; dependence on Space Systems/Loral, Inc. and Lucent Technologies,
Inc.; risk of launch failure; unproven market and unproven applications of
existing technology; unavailability of CD Radio receivers; and CD Radio's need
for substantial additional financing.

For Further Information:
Madeline Couton, CD Radio, 212-584-5100

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