SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~September~~October 2427, 2003

GLOBALSTAR, L.P.

(Exact Name of Registrant as Specified in Charter)


Delaware	333-25461	13-3759024

(State or Other Jurisdiction of Incorporation )	(Commission File Number)	(I.R.S. Employer Identification No.)

3200 Zanker Road, San Jose, California	95134

(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: 408-933-4000

N/A

(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS

	Item 5. Other Events
	Item 5. Other Events.
	Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
	Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
SIGNATURE
EXHIBIT INDEX
EXHIBIT 99.1
EXHIBIT 99.2

Item 5. Other Events.

OnICO ~~September 24,~~Global ~~2003,~~Communications ~~Globalstar,~~(Holdings) ~~L.P.~~Limited (~~the~~ “~~Company~~ICO”) and Globalstar, L.P., together with ~~certain~~ three of its ~~subsidiaries~~subsidiary ~~(collectively~~chapter ~~with~~11 ~~the~~debtors ~~Company,~~in ~~the~~ possession (“~~Debtors~~Globalstar”), signed an Investment Agreement dated as of May 19, 2003. See Form 8-K, filed ~~with~~May 23, ~~the~~2003. ~~United~~ICO ~~States~~has ~~Bankruptcy~~informed ~~Court~~Globalstar ~~for~~that ~~the~~ICO ~~District~~believes ofthe closing ~~Delaware~~under (the ~~“Bankruptcy~~ ~~Court”):~~Investment (Agreement may not occur because a~~) a~~ ~~Joint~~condition ~~Plan~~has not ofbeen, ~~Reorganization~~and oflikely ~~Globalstar~~will not be, Lsatisfied.P. ~~and~~Globalstar has received ICO’s ~~Its~~consent ~~Debtor~~to ~~Subsidiaries~~identify ~~(the~~other ~~“Plan”)~~potential investors and ~~(b) a~~to ~~related~~pursue ~~Disclosure~~an ~~Statement~~alternative (transaction for an investment in, or acquisition of the ~~“Disclosure~~assets ~~Statement”)~~of, Globalstar. Globalstar has identified other potential investors and has initiated discussions with them. The press release is attached as Exhibit 99.1.

Copies of the Plan and Disclosure Statement as filed with the Bankruptcy Court are attached hereto as Exhibits 99.1 and 99.2, respectively. The Company notes that all information contained in the Disclosure Statement is subject to change, whether as a result of further amendments to the Plan, as a result of the actions of third parties, or otherwise.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

	(a)		Financial Statements of Businesses Acquired:

			Not Applicable.

	(b)		Pro Forma Financial Information:

			Not Applicable.

	(c)		Exhibits:

Exhibit No.		Exhibit Description
99.1		~~Joint~~Press ~~Plan~~Release, ofdated ~~Reorganization~~October ~~of Globalstar~~27, ~~L.P. and Its Debtor Subsidiaries~~2003
99.2		Disclosure Statement Pursuant to Section 1125 of the Bankruptcy Code for the Joint Plan of Reorganization of Globalstar, L.P. and Its Debtor Subsidiaries

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GLOBALSTAR, L.P. By: /s/ Daniel P. McEntee Name: Daniel P. McEntee Title: Vice President and Chief Financial Officer


	GLOBALSTAR, L.P.

	By:	/s/ Daniel P. McEntee

		Name: Daniel P. McEntee
		Title: Vice President and
		Chief Financial Officer

Date: October 27, 2003

Date: September 26, 2003

EXHIBIT INDEX

Exhibit No.		Exhibit Description
99.1		~~Joint~~Press ~~Plan~~Release, ofdated ~~Reorganization~~October ~~of Globalstar~~27, ~~L.P. and Its Debtor Subsidiaries~~2003
99.2		Disclosure Statement Pursuant to Section 1125 of the Bankruptcy Code for the Joint Plan of Reorganization of Globalstar, L.P. and Its Debtor Subsidiaries

Table of Contents

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