It would be meaningless.
I can prove ownership and then receive a wildcard certificate for *.internal.company.com, usually by a TXT record or similar (lets ignore EV certs for now), however that certificate isn't an intermediate certificate which is limited to signing new end certificates for blah1.internal.company.com, but wouldn't be able to sign for blah1.not.company.com.
I'm no SSL/TLS expert by any means, so please let me know if I'm wrong and it is fairly easy to get intermediate certificates that are domain name limited - x509 constraints are apparently flakey.
... unless you want any private keys to be personally signed and or generated by bob & alice over in security after checking some boxes in an internal audit form, or any other number of company-internal schemes involving signing and encryption of business-specific data
The only use-case that's not possible with Letsencrypt is to issue certificate for IP address.
If I was setting up an organizational CA for internal websites (not MITM), I would consider using Name Constraints to limit the certificate's scope and potential for abuse or compromise.
Always seemed like a misfeature to me, but all the browsers do it.
[1] https://chromium.googlesource.com/chromium/src/+/master/net/...