There's a patent (2017/0280211 A1) for using this as a data storage method, and there was a company called Lyteloop trying to leverage the idea for data storage with estimations for petabytes across constellation.
That could you used like RAM like the delay-line memory used by early computers!
Shouldn't it be 1000/16 = 62.5? Impressive nonetheless, of course!
The article says 2.6 gigabits/second which is 2,600,000,000 bits/second, 2,600,000,000b/s * 0.5s / 8 is 162,500,000 bytes, 162,500,000 / 1,000,000 is 162.5 megabytes