Just to put things in perspective: at GEO altitudes, a 50 km displacement corresponds to a truly insignificant 0.07 degrees in elevation.
They'd need to get about 10 degrees of elevation shift for this idea to have any practical utility.
I seriously doubt they're anywhere close to that.
Are you kidding? They are going to be able to cram many times as many satellites up there if this thing works like it’s supposed to.