Earlier quoted context omitted.
The 'practical' way to beat fiber optics is to use either (i) a series of overground direct microwave connections (often used by trading firms) (ii) a series of laser links between low altitude satellites. This would be faster in principle for long distances, and presumably Starlink will eventually offer this service to people that are very latency sensitive
Low-bandwidth/low-latency people tend to also demand high reliability and consistency. A low-orbit satellite network might be fast but, because sats move to quickly, cannot be consistent in that speed. Sats also won't ever connect data centers other than perhaps for administrative stuff. The bandwidth/reliability/growth potential just isn't there compared to bundles of traditional fiber.
For trading applications, people will absolutely pay for a service that is hard down 75% of the time and has 50% packet loss the rest, but saves a millisecond over the fastest reliable line. Because otherwise someone else will be faster than you when the service is working.
They can get reliability and consistency with a redundant slower line.