Inter-satellite optical wireless communication (Is-OWC) links can become promising solutions to realize the next-generation high-speed communication services. The operation of Global Navigation Satellite Systems can be improved with the use of Is-OWC links through ranging and communication services. However, the key challenge in Inter-satellite link (ISL) is its effective range which is limited due to pointing errors. In this work, we propose to develop a high-capacity and long-reach Is-OWC link by incorporating hybrid mode division multiplexing (MDM) and wavelength division multiplexing (WDM) schemes to transmit ten independent channels over 40000kms Is-OWC link. Each channel is capable of carrying 400Gbps data which is encoded by the dual polarization quadrature phase shift key technique with required signal to noise ratio (SNR) and received power. The proposed Is-OWC link satisfies the enhanced communication within Geostationary Earth Orbit (GEO) and Low Earth Orbit (LEO) satellites. The proposed Is-OWC is further evaluated under the impact of space turbulences, particularly transmitter and receiver pointing errors. The result reported that the proposed Is-OWC link can transmit 4Tbps data over 16000kms with the transmitter pointing error of 2μrad and receiver pointing error of 1μrad.