Satellite Internet sucks due to latency. Nobody who has a reasonable alternative would ever use it. (I do realize there are many folks who do not have a reasonable alternative.)
Yes, IF you are linked to a geosynchronous satellite. Those are a LONG ways up.
If you can communicate through a swarm of close-in low earth orbit satellites, the latency is unnoticeable.
Hughs Net = Geosynchronous. Typical service 2/3 of a second delay. Low orbit satellite delay is about 25 thousandth of a second — same as cable or DSL.