Latency may actually be better than fiber for long haul access, because routing will take place between satellites. The speed of light in vacuum is about 50% faster than the speed of light in a fiber (which of course we use terrestrially)
https://bigthink.com/robby-berman/elon-musk-quietly-plans-to...
EDIT: More details here on p2p, encryption, etc
http://www.alphr.com/space/1008632/Elon-Musk-SpaceX-Starlink...
https://www.reddit.com/r/technology/comments/807fns/elon_mus...
I am very much looking forward to this. This would solve several problems for me.
https://arstechnica.com/information-technology/2018/02/space...
Postscript: Iridium is LEO and doesn't require a fancy antenna. How come? Iridium is designed for voice; throughput is a few kbits/second. That's way too slow for modern internet. For mbit/sec speeds, you need a higher signal-to-noise ratio and an omni antenna like Iridium's won't cut it. You have to track the satellite.
SpaceX plan to use orbits at around 1110 km - 1325 km.
Then, it should be an issue where leaders in the state and federal level are backed by the people and to make the incumbents like Comcast and their ilk back off and negate any moves to kill it off. Because we all know they will try and do just that through lobbying to protect their oligopoly.
This should really be a free market issue. I truly believe that one day, technology will be at a tipping point that bandwidth will be free.
Much like solar in the beginning, expensive to produce and not really producing a bang for buck. But now, it's a completely different picture.
I can't wait until telecoms companies are consigned to history.