What is the latency of the connection?
The way a satellite stays in orbit, without using any type of engine or rocket to correct its orbit, is to gain a balance between gravity and centrifugal force. The closer to earth, the greater the gravity pulling the bird toward earth. The faster it moves, the greater the force pulling it away from the earth. It turns out that there is a spot, about 22,300 miles above the equator, where the speed an object must travel to gain equilibrium against gravity is exactly the same as the speed the earth is turning. By placing a satellite in this spot, its relative position above the earth stays constant. Satellites used for broadband internet and TV must stay in one place in the sky so that you can point your dish in one spot and get the signal. The only other alternative would be to have a constellation of satellites in a lower orbit, that would rise and fall like the sun and stars. There would need to be enough of these flying that there was always one overhead, which requires a lot of sate
