Most people don't know but Starlink's ambition is to capture only a small part of retail market (a person buying a starlink terminal) but a big chunk of backbone traffic.
That's why latest version of the satellites have lasers to beam data between satellites so that they don't need to go back and forth between satellites and base stations.
That business will be direct competitor to under sea cables.
Fun fact: light travels a bit faster in space than in an optic cable.
Microsoft has already did partnership with Spacex for Azure: https://news.microsoft.com/source/features/digital-transform...