I don't know if that can be profitable, they have to convince a lot of suckers to pay a premium price for an inferior non-wired internet connection. Each node is deorbited every 5 years or so, so that's 200,000 nodes being turned into a dumpster fire and crashing back to earth each year. say each costs $1,000, then it's a billion in overhead they throw away just to repopulate the mesh hardware every 5 years, ignoring the even more critical launch, operations, and insurance costs, I suspect hardware costs are well over $1,000 per node, but I can't find any real numbers to base this on.
The bigger problem though is why TF are phone companies even entertaining the idea of participating in the creation of a new competitor that could easily turn into a monopoly and crush them?