When something "goes wrong" with one of these satellites and wipes out the latest CIA satellite etc or wipes out a pay tv satellite....who is liable and to what ends?
The cheaper it is to launch, the easier it is to clean up orbital debris. The risk from debris in orbit isn't from too many satellites, space is pretty damned empty, the risk comes from thousands upon thousands of fragments, some of them created intentionally. Moreover, as it gets cheaper to launch satellites it also becomes more and more possible to add extra weight to them, to put in backup systems which deorbit the satellites if they become inoperable.