The demand that exists is tackled by an increase and expansion of the existing ISP and public infrastructure.
A satellite based internet provider is inneficiently duplicating the existing fiber/copper/cellular infrastructure but more importantly cannot scale to serve the billions of people you mention in your comment.
Do the maths you cannot keep up this alleged 50Mbps link if you add more than a few million users, there is a finite amount of satellites they can add in contiguous trajectories.
The capacity issue means this will never be affordable but to a few select few or state/defense actors.
I agree with your problem statement but this unfortunately is just not the solution.