So if the big idea is to have a data center outside of legal jurisdictions why not build a floating data center in the Southern Pacific Ocean? You can power it with floating solar panels provide data via Starlink or a regular communication satellite and still be outside of the law. You might say that it will be vulnerable to pirates, but practically speaking nobody is going down there. Sure you will have to deal with weather, but overall the problems are way easier to solve than building an orbital data center.

But the real reason they won't work is because they're investor scams that were never serious in the first place.