Three months ended
September 30,

Nine months ended
September 30,

2025

2024

2025

2024

Interest on indebtedness

$

58,919

$

55,455

$

172,824

$

173,411

Interest on satellite performance incentive payments

227

278

716

881

Interest on significant financing component

2,993

3,371

9,372

10,518

Interest on employee benefit plans, net

(268

)

(38

)

(801

)

(116

)

Interest on leases

523

377

1,558

1,121

Capitalized interest

(8,197

)

—

(19,177

)

—

Interest expense

$

54,197

$

59,443

$

164,492

$

185,815