No. The problem is their development has been super slow and expensive (compared to Starlink) and also they picked fairly expensive launch providers compared to their main competitor (SpaceX).
Space junk is not in the top 5 reasons, and with better tracking and using low altitudes (like Starlink does, where debris deorbits very quickly), we can probably fit a factor of 100 times more satellites in LEO safely.
(People underestimate how much of a difference better tracking makes to this issue. Space is huge, and the real isn’t actual conjunctions, but the fact that the uncertainty range for objects is so large that you end up getting hundreds of times more false alarms and probably-unneeded avoidance maneuvers than you’d have if you had much better tracking.)
Space junk is not in the top 5 reasons, and with better tracking and using low altitudes (like Starlink does, where debris deorbits very quickly), we can probably fit a factor of 100 times more satellites in LEO safely.
(People underestimate how much of a difference better tracking makes to this issue. Space is huge, and the real isn’t actual conjunctions, but the fact that the uncertainty range for objects is so large that you end up getting hundreds of times more false alarms and probably-unneeded avoidance maneuvers than you’d have if you had much better tracking.)