T+309: EchoStar’s Spectrum Sale, Starlink’s Financials (with Caleb Henry, Director of Research at Quilty Space)

Caleb Henry, Director of Research at Quilty Space, joins me to talk about EchoStar’s spectrum sales and constellation cancellation, SpaceX’s spectrum purchase, and the financials of Starlink.
This episode of Main Engine Cut Off is brought to you by 34 executive producers—Bob, Heiko, Creative Taxi, Josh from Impulse, Russell, Donald, Will and Lars from Agile, Matt, Steve, Lee, Joel, Tim Dodd (the Everyday Astronaut!), Frank, Natasha Tsakos, The Astrogators at SEE, Better Every Day Studios, Ryan, Kris, Pat, Joakim, Stealth Julian, Warren, Theo and Violet, Jan, Joonas, Fred, David, and four anonymous—and hundreds of supporters (mainenginecutoff.com/support).
Topics
• Quilty Space (@QuiltySpace) / X (x.com/QuiltySpace)
• Starlink Financial & Strategic Analysis 2025 1H | Quilty Space (quiltyspace.com/product-page/starlink-financia…)
• Sign Up Form | Quilty Space (quiltyspace.com/sign-up-form)
• EchoStar sells spectrum to SpaceX, cancels MDA satellite contract - SpaceNews (spacenews.com/echostar-sells-spectrum-to-space…)
• EchoStar’s $23 billion spectrum sale clears path for direct-to-device constellation - SpaceNews (spacenews.com/echostars-23-billion-spectrum-sa…)
• EchoStar orders initial MDA satellites for $5 billion LEO constellation - SpaceNews (spacenews.com/echostar-orders-initial-mda-sate…)
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