[jrockway]

The next generation of satellite Internet is not going to be based on satellites in geostationary orbit. They are close to the surface of the Earth and form a mesh that can make paths that are shorter than the great circle distance.

This should fix all three of your problems, except maybe total bandwidth.

[ekimekim]

> form a mesh that can make paths that are shorter than the great circle distance

I think that's a slight mis-wording - you can't beat the great circle distance over the surface unless you go underground, but you can definitely beat a packet-switched, zig-zagging network running through the ground with a more or less direct point-to-point mesh running 100km above it.

[JohnFen]

If I understand correctly, that won't fix the latency problem. It will make it less severe, though.

[monocasa]

It should give you latency that you'd expect from a wired connection.