Errr.... hate to break it to you but Elon doesn't have 1 satellite up in low orbit, he currently has almost 900 in orbit with 60 new satellites now being added almost every week.
Starlink has sats only a few hundred km up in the sky, versus most sat internet services which has satellites tens of thousands of kilometers in the sky and as a result deliver latency and speeds closer to a land based internet service. Starlink is not in competition with 4G/5G or fixed broadband however... it is in competition with satellite services, whether that be from the army/navy/ships/aircraft or billy bob down on the farm. Not sure what percentage of the market Telstra have in satellite broadband, but probably not much.
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