Oh don't worry, we'll get regulations once there are some clear market leaders who've implemented strong moats they can have codified into law to make competition impossible.

Monopolistic regulation is how we got the internet into space, after all! /s

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/s, but not really /s: Google got so pissed off at the difficulty of fighting incumbents for every pole access to implement Fiber that they just said fuck it. They curbed back expansion plans and invested in SpaceX with the goal of just blasting the internet into space instead.

Several years later.. space-internet from leo satellites.