“I recommend watching. The channel does really good explanations.”
Good explanation of Starlink's purpose
Full comment
Real engineering made a video on it: this video I recommend watching. The channel does really good explanations.

7.4M views · Jun 15, 2019 · 15:41 · 4 HN recommenders · 7 mentions · discussed 2019–2020
Real Engineering explains why SpaceX is building Starlink, including the economics of satellite internet. It covers the latency advantage of light in vacuum over fiber for long-distance links.
Why Hacker News points people here: Recommended as a clear explanation of Starlink's purpose and the case that it can beat fiber on latency for long routes.
“the whole video is worth watching”HN comment, 2020
“I recommend watching. The channel does really good explanations.”
Good explanation of Starlink's purpose
Real engineering made a video on it: this video I recommend watching. The channel does really good explanations.
“Real Engineering has an interesting video on why it would be useful for firms trading internationally”
Why Starlink matters for international trading firms
Real Engineering has an interesting video on why it would be useful for firms trading internationally this video
“the whole video is worth watching”
Explains light speed slower in fiber than vacuum
Light travels 47% slower in a fiber optic cable than it does in the vacuum of space. [1] [1] this video (the whole video is worth watching, but that timestamp answers your specific question.
“It also does a much better job of explaining it than I have”
Explains why Starlink is useful and why traders would pay for it
Right, so if you can't go through the crust then going up would be another option. Over long enough of a distance, say NYC to London (or even farther), the overhead of going up first and then a "straight" line horizontally (it's not completely straight because it has relay between the satellites via LOS laser but each arc would be fairly long) and back down would be shorter than a line following the curvature. (Edited: This is wrong. I had conflated the lower latency with shorter distance as others have pointed out.) BTW, I want to give full credit to my source: this video It also does a much better job of explaining it than I have but it is a convincing argument for how Starlink can be useful and why traders would be willing to pay a lot for it.
“satellites can be faster than cables in certain cases”
Argues satellites can be faster than cables in some cases
Someone smarter than I made this, which you may or may not agree with... "Why SpaceX is Making Starlink" this video TL;DR -- satellites can be faster than cables in certain cases
“it may be possible to achieve a lower latency using Star Link than over fiber if the points are far enough”
Starlink may beat fiber latency over long distances
this video According to this Engineering Explained video, it may be possible to achieve a lower latency using Star Link than over fiber if the points are far enough. People like high frequency traders might be willing to pay a ton for such a thing.
“This video[1] speculates that Starlink will achieve lower latency than fibre Internet.”
Speculates Starlink latency beats fibre, valuable to finance
This video[1] speculates that Starlink will achieve lower latency than fibre Internet. Latency-sensitive industries like finance are very willing to pay a lot for improved latency. [1] this video