Terrestrial and satellite networks have progressed along their independent path, rarely intersecting. However, the new generation of low earth orbit (LEO) satellite constellations are poised to change the economics of space-based networks. This promises new services and deployment models that could have major impact on the service provider ecosystem including submarine, wholesale, mobile, fixed and geosynchronous earth orbit (GEO) satellite service providers. New market dynamics will jeopardize some players while others stand to win.