<PAGE>


                                                                  Rule 424(b)(3)
                                                      Registration No. 333-26517

                        LORAL SPACE & COMMUNICATIONS LTD.

              PROSPECTUS SUPPLEMENT NO. 14 DATED SEPTEMBER 8, 1999
                        TO PROSPECTUS DATED JULY 11, 1997

     The Selling Holders table on pages 7-10 of the Prospectus, as previously
amended, is hereby further 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      Number of
                                   Shares of      Shares of
                                   Preferred       Common
Selling Holders                      Stock          Stock
- ---------------                      -----          -----

<S>                                  <C>           <C>
ABN AMRO...........................  45,000        112,500
</TABLE>



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