Last I read the Low Earth Orbit (LEO) systems will have fiber-like latency and gigabit speeds as they are ~200 mi away from Earth where Geosynchronous Earth Orb

Last I read the Low Earth Orbit (LEO) systems will have fiber-like latency and gigabit speeds as they are ~200 mi away from Earth where Geosynchronous Earth Orbit (GEO) systems are 20K+ mi away.