This will definitely challenge Starlink. Theyre dominating in the satellite internet market, and with their massive resources, Im sure theyll find a way to compete. However, since this new technology isnt live yet, its hard to say if it will truly be a threat to Starlink. But given its claim of offering better internet connections, even during natural disasters, this innovation could spark stronger competition in the market. Currently, Starlink charges $50 for a residential plan in our country, so itll be interesting to see how expensive or affordable this new technology will be in terms of subscription fees.
The response to the poor internet connection, with star was a break through and they are leading in the market but the problem is for how long will they be able to keep up with this whole thing, and Elon did is one of his kind and I don't think anyone have this same initiative that Elon is able to do. And I love when others are in competition at least it might even affect the price when star link, and their are people that will want to go for the best so the price does not matter to them.
And the price have skyrocketed and in my country the percentage of those using it will definitely drop because of how high the price as gone. If the new technology is cheaper then the demand will go high and people will start abandoning Elon because the new technology will be cheaper and efficient than star link so this is the difference, what matters is the price.
And with how dollar have now gone high is what will discourage people the most in my country but this is like a individual decision.