Low Earth Orbit (LEO) satellite ISPs promise universal Internet connectivity, yet their interaction with content delivery remains poorly understood. We present the first comprehensive measurement study decomposing Starlink's web content delivery performance decomposed across Point of Presence (PoP), DNS, and CDN layers. Through two years of measurements combining 225K Cloudflare AIM tests, M-Lab data, and active probing from 99 RIPE Atlas and controlled Starlink probes, we collect 6.1M traceroutes and 10.8M DNS queries to quantify how satellite architecture disrupts terrestrial CDN assumptions. We identify three distinct performance regimes based on infrastructure density. Regions with local content-rich PoPs achieve near-terrestrial latencies with the satellite segment dominating 80-90% of RTT. Infrastructure-sparse regions suffer cascading penalties: remote PoPs force distant resolver selection, which triggers CDN mis-localization, pushing latencies beyond 200 ms. Dense-infrastructure regions show minimal sensitivity to PoP changes. Leveraging Starlink's infrastructure expansion in early 2025 as a natural experiment, we demonstrate that relocating PoPs closer to user location reduces median page-fetch times by 60%. Our findings reveal that infrastructure proximity, not satellite coverage, influences web performance, requiring fundamental changes to CDN mapping and DNS resolution for satellite ISPs.
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