My initial research indicates a low earth orbit satellite costs about $250,000, about the same as a 5G cell tower in the US. There are currently about 325,000 5G cell towers in the USA, not sure about the entire planet. Starlink thinks they can complete their network with 42,000 satellites.

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I still think cables are much cheaper. Ultimately with all businesses, theoretical calculations are no match to economic reality. Can the business run profitably without resorting to government subsidies and contracts? All of Musk's scams rely on government subsidies and contracts and nothing about Starlink suggests it's going to be different.