Comment by MattSteelblade

It sounds like you're describing Google's proposal, which I believe is at least feasible (though likely uneconomic) unlike, say, Starcloud's. I don't think you are correct about the orbit, though; Google's proposal lists the satellites at 650 km, which would give them approximately 20 years in orbit without boosts. They list estimated life at 5 years given radiation concerns, so they almost certainly would purposely deorbit them earlier.