Yes, unless they are invisible in the sky. Put a barrier in place to force innovation.

Anything in the sky is something which at least obstructs the view. If we have too many even black body satellites - which have zero reflection or emission in interesting spectral parts - we're still can't see through them. If we have too many of them, we still have a problem. So - theoretically - it's a choice between space flights and astronomy.

Maybe there can be a more optimal solution than what we have today.