1) The document discusses the potential for satellite constellations in low Earth orbit (LEO) to enable a space-based internet through providing global connectivity with lower latency than traditional geostationary satellites.
2) Emerging LEO constellations from companies like SpaceX, OneWeb, and Telesat promise speeds close to fiber with nearly full global coverage and latency around 25ms.
3) For the space internet to be realized, challenges around developing low-cost user terminals, multi-tenant cooperation between constellations, and addressing different traffic needs across orbital regimes must be overcome.