You forgott latency...not usable for rt communication.
https://www.six-group.com/en/products-services/the-swiss-sto...
Low earth orbit is 3,000 km or so, meaning that's only 10 ms each way.
Odds are good that if you had a mesh network of low earth orbit satellites (like Starlink) you could actually get an antipodal point-to-point video call with less latency than with terrestrial fiber. That's not a function of bad terrestrial switching/routing: it's the fact that light travels faster through vacuum.