Satellites have long lifespans and have to outlast current crypto algorithms. Ideally they're nothing more than radio repeaters that rebroadcast the uplink signal.
Practically, you'll also want to be able to reconfigure spot beam to backhaul mappings or even cross-connect some spot beams to cut satphone-to-satphone voice latency in half etc.
That's not even considering constellations like Iridium that do actual packet switching in space.