So? We trade a terrestrial based monopoly for a space based one?
Space-based internet makes total sense for very remote areas or as a bridge technology, as well as a technology to compete with incumbent terrestrial monopolies, but I'd hate to see fiber and terrestrial 5G rollouts stopping entirely in favor of it.
It's the characteristic of the 21th century, trading resiliency and robustness for performance. As long as the world is stable, it's nice.