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These first satellites don't have the free-space lasers I modelled in that paper, but my simulations show they can still beat fibre on many paths without inter-satellite links, by relaying via groundstations:

https://youtu.be/m05abdGSOxY

Later satellites will have inter-satellite links, but probably not till near the end of this year, and most of the first phase will already be deployed by then.


In many places for HFT the comparison is against microwave links though not standard fiber.


Indeed, and I mention microwave links in the paper linked above. But those are relatively short distance: New York - Chicago, London-Frankfurt, and similar. Where Starlink and Kuiper can provide real latency benefits is on long distance paths, trans-oceanic, or passing over countries where it's geographically or politically infeasible to built microwave links.




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