SpaceX is going to crush both of them.
Geosync is a whole 'nother ballgame. It's a quarter second outbound, and a half-second round-trip ping (earth-bird-earth and back).
Radio talks through clouds just fine.
10 ms is roughly datacenter lag (or was a few years back). 100ms is good cross-country pings, 300-600 is continent-to-continent links.
Figure on edge caching aas well.
Way back in the day (10-15 years ago) my friend with satellite Internet had 300+ ms pings everywhere and at the time a dial-up modem was still required. Good to know things have changed.