When i respawn, i respawn back at the first station. What am i supposed to do? I can't bring the ship to me, and i can't even modify the save data to teleport me into the sector where my ship is.

It's unfortunate, but so far the only option for me has been to restart and try again.  You can eventually square away enough ship upgrades to hopefully not die :) 

Make sure you set your spawn point in the medbay of the Falcon. If the Falcon is destroyed you might as well restart the server. After you finish the tutorial quest-line a new set of missions opens up, which makes it easier to continue. The learning curse is steep though. Keep doing hit and runs until you manage to salvage enough spoils from NPC battles (eg: Unity vs. Slavers).