Theoretically, space based networking can be lower latency then ground based (above a minimum distance) because of the differences in the speed of light in the two mediums.
https://people.eecs.berkeley.edu/~sylvia/cs268-2019/papers/s...
https://people.eecs.berkeley.edu/~sylvia/cs268-2019/papers/s...
Not that I expect anything like that in our lifetimes.