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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Everest Capital Limited
The Bank of Butterfield Building
65 Front Street
6th Floor
Hamilton HMJX, Bermuda
2. Issuer Name and Ticker or Trading Symbol
Sirius Satellite Radio Inc.
3. IRS Number of Reporting Person (Voluntary)
4. Statement for Month/Year
8/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s)to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below)
( ) Other (specify below)
7. Individual or Joint/Group Filing (check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of |
(Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect |
| | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial|
| (Month/ | | of (D) | Owned at End | or Indirect| Ownership |
| Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)|
| Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | |
| | | | |(A) or| | | | |
| | Code | V | Amount|(D) |Price| | | |
_________________________________________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(D) $ I **
Common 8/16/00 S 37,500 (D) $50.321 I **
Common 8/17/00 S 80,000 (D) $50.932 I **
Common 8/18/00 S 22,500 (D) $51.326 I **
Common 8/21/00 S 35,000 (D) $50.996 I **
Common 8/22/00 S 35,000 (D) $51.888 I **
Common 8/24/00 S 40,000 (D) $51.141 I **
Common 8/25/00 S 115,000 (D) $51.234 I **
Common 8/28/00 S 70,500 (D) $52.970 2,231,211 I **
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</TABLE>
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount |
Derivative | sion or | action | action | Derivative | cisable and | of Underlying |
Security | Exercise | Date | Code | Securities | Expiration | Securities |
(Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) |
| Deri- | Date/ | 8) | (A) or | (Month/Day/ | |
| vative | Year) | | Disposed of | Year) | |
| Security | | | (D) (Instr. | | |
| | | | 3, 4 and 5) | | |
| | |____________|_________________|___________________|_____________________|
| | | | | | | | | | |
| | | | | | | Date | Expira- | | Amount or |
| | | | | | | Exer- | tion | | Number of |
| | | Code | V | (A) | (D) | cisable | Date | Title | Shares |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
| | | | | | | | | | 1 |
| | | | | | | | | | |
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</TABLE>
<TABLE>
| 8. Price of | 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | derivative | Form of | Indirect |
| Security | Securities | Derivative | Beneficial |
| (Instr. 5) | Benefi- | Security | Ownership |
| | cially | Direct (D) | (Instr. 4) |
| | Owned at | or Indirect | |
| | End of | (I) (Instr. | |
| | Month | 4) | |
| | (Instr. 4) | | |
|_______________________|___________________|___________________|_________________|
|<S> |<C> |<C> |<C> |
| | | | |
|_______________________|___________________|___________________|_________________|
</TABLE>
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Everest Capital Limited
By: /s/ Malcolm Stott September 10, 2000
__________________________ _________________
Malcolm Stott Date
Chief Financial
Officer
Signature of
Reporting Person
Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space is sufficient, see Instruction 6 for
procedure.
* The Reporting Person disclaims beneficial ownership of these
securities except to the extent of its pecuniary interest, if
any, therein.
** General Partner or Investment Manager.
<PAGE>
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Everest Capital
Master Fund, L.P., has authorized and designated Everest Capital
Limited to execute and file on the undersigned's behalf all
Forms 3, 4, and 5 (including any amendments thereto) that the
undersigned may be required to file with the U.S. Securities and
Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Sirius Satellite Radio Inc. The
authority of Everest Capital Limited under this Statement shall
continue until the undersigned is no longer required to file
Forms 3, 4, and 5 with regard to the undersigned's ownership of
or transactions in securities of Sirius Satellite Radio Inc.
unless earlier revoked in writing. The undersigned acknowledges
that Everest Capital Limited is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934.
Date: September 10, 2000
Everest Capital Master Fund, L.P.
By: Everest Capital Limited, General Partner
/s/ Malcolm Stott
By: Malcolm Stott
Title: Chief Financial Officer
<PAGE>
Joint Filer Information
Name: Everest Capital Master Fund, L.P.
Address: c/o Everest Capital Limited
The Bank of Butterfield Building
65 Front Street
6th Floor
Hamilton HM JX, Bermuda
Designated Filer: Everest Capital Limited
Issuer & Ticker
Symbol: Sirius Satellite Radio Inc.
Date of Event
Requiring Statement: August 16, 2000
Signature:
Everest Capital Master Fund, L.P.
By: Everest Capital Limited, General
Partner
/s/ Malcolm Stott
By: Malcolm Stott
Title: Chief Financial Officer
00119001.DR3
