Just one strand can support a ridiculous number (40+) of 100/200/400 GbE, coherent modulated signals in a DWDM bandplan.
There are videos on YouTube if you want to see what it looks like. It isn’t like you’re pointing directly into the pilots eye, the chances of that are rather slim.
For latency sensitive applications (e.g. finance, video links), starlink can indeed be a good alternative but it won't replace backbones, e.g. distribution of youtube videos to edge locations around the world.
Realistically, using optics, I can only see one spatial path to another satellite. You can use various wavelengths of light to establish multiple carriers, and probably get upwards of 1-2 Tb/s of speed. But nothing near what is possible in the same space with fiber optics.
A 288 strand optical fiber cable, with jacket and armor is about 2cm in diameter. And each one of those 288 strands can carry terabits per second of data. It will be a very long time before free-space optics can match that kind of density.
But I'm still quite certain that satellites nor free-space optics will not be coming anywhere near the capacity of fiber in the foreseeable future.
Overall that doesn't sound infeasible to me. But then I don't do optics, so maybe I'm ignorant of a basic limitation.
EDIT: As an example, the new Atlantic cable "MAREA", partly sponsored by Facebook and Microsoft, has a capacity of 160tbit/s.
http://www.datacenterknowledge.com/networks/facebook-and-mic...