While 60Mbps isn’t a gigabit, it’s on par with some of the lower cable speed tiers and is much higher than speeds offered by many DSL services in the rural areas where SpaceX is likely to see plenty of interest. On the Reddit thread, some Internet users said they’d love to get the speeds shown in the Starlink tests as they are currently stuck at 1Mbps or even less. An Ookla report on fixed-broadband speeds in December 2018 found average download speeds in the US of 96.25Mbps and average uploads of 32.88Mbps. SpaceX is planning for up to 5 million home-Internet subscribers in the US.
In March, SpaceX CEO Elon Musk said, "We’re targeting latency below 20 milliseconds, so somebody could play a fast-response video game at a competitive level." SpaceX satellites have low-Earth orbits of 540km to 570km, making them capable of much lower latency than geostationary satellites that orbit at about 35,000km.
See SpaceX Starlink speeds revealed as beta users get downloads of 11 to 60Mbps
Ookla tests aren’t showing the gigabit speeds SpaceX teased, but it’s early.