In ancient Egypt myth, jealous demon Set, killed the beloved good King that bring peace and prosperity. Set then hold dictatorship over the land, demand all to worship, serve and love him only and kill those who refuse. Under Set's rule the world fall to horror, till the God Horus came and defeated Set and established a new monarch and order to return peace, order and prosperity. Later, Set worshipers left Egypt its cult become Judaism, Christianity and Islam, so Christianity demand worshiping its god as only true god and to serve him, made Horus Lucifer, changing story ending to Set won.
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But the plot twist is Ishtar is Horus'(Lucifer's) mother, according to mythology. In Egypt she was known as Isis, till, become known in Ishtar in Babylon.
Your point? The Babylonian religions were often associated with other ones. It does not dispute the fact that "Lucifer" is not a fallen angel or spirit of any kind in this passage, but the mortal king of Babylon who was being mocked by Isaiah.