On a straight shot with no switching time that's up and back in 7.3ms.
[0] https://arstechnica.com/information-technology/2016/11/space...
See ex: https://www.kymetacorp.com/
Iridium phones have always worked with fast-moving satellites. The 9555 phone is $939 on Amazon, and the Iridium Go hotspot is $689. Ideally, an internet access terminal would be closer to $100, but if you're sharing the connection with a bunch of neighbors using mesh WiFi, $689 is doable.
BTW there's going to be higher bandwidth (edit: adding Ka band to the previous L) from Iridium once Iridium NEXT is fully up.
For straight bandwidth, how the the price of phone modems go up from the first analog phones to 5G? Seems to have not been much of a burden to phone prices. (Edit: shaped beams in the cell towers make a huge difference.)
https://en.wikipedia.org/wiki/Johnson%E2%80%93Nyquist_noise
The iridium satellite receivers use low-gain antennas, so reception is limited to small bandwidths. This means they don't care where the satellites are. New technology will enable high-gain antennas that can track the motion of satellites, enabling much higher channel rates.