As an avid sailor I hope this to make a new kind of low earth orbit satellite internet. Current plans are stupid expensive. 5,000 to 15,000 is a lot for a harden receiver. But its a one time cost. The 150-500 a month for 150-350kb/s internet WITH a ~20GB monthly data cap is outrageous.
Also low 'earth' internet would fix a lot of the latency issues involved with the 1 second latency tax for GEO satellites.