For clarification, the satellite internet that is being launched by Spacex and Blue Origin is vastly improved from what is currently available. They are going to use low orbit satellites (between 300-800 miles above sea level). Current satellite providers such as Hughsnet are using geostationary satellites that are 22,000 miles above earth. There is a huge difference between these two offerings and you really can not compare the two. The low earth orbit satellites will perform much better, tests have shown average latency to be around 32ms compared to 600ms for the geostationary services. The performance and speed difference will be night/day.