Does anyone have any context on what sort of internet speeds satellite internet has been benchmarked to provide. I can't imagine the latency being anywhere near good enough to do many of the high bandwidth things people use the internet for today.
Starlink and OneWeb are different in that they intend to use a lot of satellites in low orbits to maintain constant coverage. This is technically much harder, not the least because you need thousands of satellites to get reasonably good coverage, but also because the ground station and the satellite transceiver both need to track each other. This was not technically feasible before, but modern AESA antennas can steer their signal without having to move the antenna, and can both transmit and receive multiple simultaneous beams and very rapidly move the beams around when doing time-sharing.
The minimum round-trip time to something very close to you and also close to it's own ground station will be on the order of 10ms. However, where the system really shines is long distance communication. The satellites will pass the signal between each other using lasers, and will get the signal to the other side of the earth much faster than terrestrial fiber, both because laser in vacuum travels substantially faster than one in fibre, and also because the fibres don't get to follow ideal great circle paths.
Independent researches have evaluated the likely latencies of the system, and the results are frankly shocking. For example, today on the existing fiber network, rtt between London and Singapore is ~160ms. On Starlink, the rtt will be ~90ms.