Exhibit 99.2

SIRIUS SATELLITE RADIO PRICES OFFERING

OF SENIOR NOTES DUE 2013

Offering Increased to $500 Million in Response

to Strong Investor Demand

NEW YORK – August 2, 2005 – SIRIUS Satellite Radio (NASDAQ:SIRI) today announced that it has sold $500 million principal amount of its 9-5/8% Senior Notes due 2013 to a limited group of initial purchasers. The offering size was increased today from $400 million in response to strong investor demand. The closing of the offering is expected to occur on Tuesday, August 9, 2005, subject to customary closing conditions.

The Senior Notes are unsecured obligations of the company. SIRIUS intends to use the net proceeds from the offering to redeem all of its outstanding 15% Senior Secured Discount Notes due 2007 and 14½% Senior Secured Notes due 2009. The balance of the net proceeds will be used for general corporate purposes.

The notes are being offered by the initial purchasers solely to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S under the Securities Act.

The securities have not been registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

This announcement is neither an offer to sell nor a solicitation to buy any of these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

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About SIRIUS  

SIRIUS delivers more than 120 channels of the best commercial-free music, compelling talk shows, news and information, and the most exciting sports programming to listeners across the country in digital quality sound. SIRIUS offers 65 channels of 100% commercial-free music, and features over 55 channels of sports, news, talk, entertainment, traffic and weather for a monthly subscription fee of only $12.95. SIRIUS also broadcasts live play-by-play games of the NFL and NBA, and is the Official Satellite Radio partner of the NFL.