“The reason older versions of satellite internet service were slow had more to do with the technology available at the time than latency. Our satellites are in orbit a bit more than 22,000 miles above the Earth, but the speed of light is approximately 186,282 miles per second. So while there is a tiny bit of latency, it’s not enough to make a big difference in most uses of the internet.
Our new service incorporates groundbreaking web acceleration technology which dramatically speeds up page load times, minimizing the effect of latency. So in addition to the much higher speeds enabled by our high capacity satellite, you will experience a much faster, more responsive web browsing experience”.
Will the tiny bit of latency impact Qobuz, etc. streaming? My assumption is probably not but I have no experience using a satellite for Internet access.