I work remotely on a satellite connection. Been doing it for a couple of years.

The minimum connection latency is 800-1000 ms, and the maximum download speed is 1-3 Mbps. That's with a 10 GB bandwidth cap though, so my actual download speed is 10-100 kbps for 90% of the month.

Any live video/audio/screen sharing is not possible. I have to schedule transfers for large files (1-5 GB) overnight, which are not bandwidth constrained during early morning hours.

I can get away with it because all of my work communication is through text channels.

It's not for everyone, but it's possible. For me, getting out of the city and living in the mountains with nature is well worth the trade-off of giving up some modern conveniences.

Yes, but people who can't imagine living without Netflix don't consider that an option although I do know people who work remotely in rural areas for tech companies who make do with just satellite.

In all fairness, it's not a great option. My dad is at the very end of a DSL line in Maine and Internet is pretty bad. Neighbors who are a bit further out use a combination of satellite and wireless hot spots (on marginal cellular) and no one is very happy.

Satellite for internet is pretty terrible. Last I was on that, the ping was over 2 seconds (sometimes 5 seconds). Practically impossible for video conferencing and real-time gaming is impossible. However! You can download well enough.