It closed low because SpaceX placed a bid in a ton of territorries that were expected to be monopoly single-bid areas. In the ones SpaceX didn't win, the winning bid was nonetheless forced lower by their competitive bid. The ILECs are furious. No pity, they can eat a bag.
Over the course of the next year the winners need to submit detailed plans for their networks to the FCC, including (for the first time ever) the "oversell" ratio (i.e. how many customers with "1gbit service" are sharing a 10gbit backhaul). So it could be up to a year before we find out exactly what sort of service each ISP is claiming fits into the performance+latency tiers they bid for.
The FCC did lay down some hard rules though: (1) no DSL technologies allowed in the "gigabit" tier and (2) no geosynchronous or medium-earth-orbit satellites in the "low latency" tier. SpaceX is classified as low-earth-orbit.
This sounds like a really satisfying result. Do you have any sources on specific areas where that happened? I was kind of surprised that Starlink wins weren't more broadly distributed through more states, do you think the FCC was trying to spread the funds around between multiple ISPs?