try this:
$args = array(
'post_type' => 'speaker',
'posts_per_page' => -1,
'post_status' => 'publish',
'meta_query' => array(
array(
'key' => 'featured_speaker',
'value' => '1',
'compare' => '=',
),
),
'orderby' => 'meta_value',
'meta_key' => 'speaker_order',
'order' => DESC,
);