A submarine cable is a bundle of hundreds of strands, so you need quite a few satellites to replace one cable.
The high capacity in submarine fiber is achieved through DWDM and coherent modulation 100Gbps+ transceivers, not massive parallelism in fiber use.
I'd be astonished if it runs into capacity problems with an ultimate upgrade capacity of being able to run at least 20 different 200 or 400 Gbps circuits per fiber pair if appropriately costly DWDM terminals are installed at each end of dark fiber. Not even if all the tiny towns and cities that it hits were to magically quadruple in population.