I've always wondered about the feasibility of using space for temporary/short-term storage needs. I remember a time when, as a junior developer, I'd log into operations, and hand the operator my tape reel with my work for the day - and she'd go off, mount the spool, and start the streaming, until my files were available in local storage for a few hours, and then .. when logging out, I'd have the operator re-stream th…
I think the thing that you're missing is that there's no shortage of physical space right here? Said differently, why not build that satellite, load it up, and instead of launching it.... put it in the closet. Get it out when you need it. What advantages does that launch have?
I do not think it's viable in any sense with launch costs but in a hypothetical scenario where you had something 20 light minutes away with a channel that had no better use you certainly could buffer 40 minutes of data on the channel
It is limited here not by the availability of space but the ability to collimate the signal and the availability of power density at the receiver to discern the signal from noise