I know you are joking, but the weight, power, and heat dissipation all make this impractical. They tried similar ideas with cargo containers and underwater enclosures, which were a lot more practical than outer space, but they didn't stick with it.
The 5G coverage maps are pretty revealing on just how limited the coverage is: https://www.verizon.com/5g/coverage-map/?city=chicago
Click on a neighborhood and look at the dark red areas running on top of the streets. I have no idea how they're going to get 5g base stations covering all of the smaller residential streets; right now only the bigger streets & downtown are well covered. And even then the internet requires an antenna unit in a window with LoS to the base station, which is OK, but not sure how 5g is going to be practical for phones indoors.
If some radio bands with wide range technologies get unregulated for public usage and access to equipment is possible - then communities can decide on their own.
Even with that they need fiber to their towers to provide the speeds necessary
I might have to build towers at both ends to run in a licensed range, eg: 11Ghz, and even there there's not good access. So I might still have to pay 20-60k to get access on top of the 5-10k for radios and registration of the licensed link. That easily builds 1-1.5 miles of fiber, and since I was just over 2 miles away from it, it became easier to just do that and have something reliable.