Satellite is still great. You can get a shit ton of bandwidth to a load of people, really pretty easily. Awesome for developing nations.

The downside is cost. Building them is expensive, as is launching them. Most people in developed nations have half decent (20Mbit+) internet access now, so do we need them?

When you can get 4k Netflix which looks great at 15Mbit or so, satellite is a little redundant these days (and I _love_ satellites and worked in the TV industry from 2008 until 2015!).