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>Satellite can never offer acceptable latency.

Satellite internet can offer very competitive latency, even though nobody is doing it so far. Small cubesats make lower orbits viable than what's currently used for satellite internet. At a low earth orbit of 400km (about the height of the ISS) you have a round trip time of just 3ms.

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A theoretical alternative no-one is deploying is not an alternative.

SpaceX is planning on launching there satellite internet service in the next 5 years, and it could potentially have lower latency than traditional fiber networks due to the satellites being able to communicate more directly.

I don't disagree with you though, we need solid fiber internet options available at reasonable prices.

OneWeb has funding and has already purchased a bunch of satellites and launches.

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