I don’t think that statement was missing the point. As you point out, what matters is the total cost of ownership of the system. The cost of launching mass into space today isn’t the only reason terrestrial data centers are more cost effective today, but it’s the main one. If you make it cheap enough to send giant solar arrays and radiators to space, the other costs of operating in space may start to look like a small price to pay to eliminate the need for inputs like land and batteries.