The real point is power limitations, putting stuff in space in the right orbit lets you turn solar power into reliable base load.

Why stop somewhere in between? You can go straight to the Sun and directly tap into near infinite source of energy. No need of solar panels, direct access to thermonuclear energy, too cheap to meter. The economics already works out, zero capex, zero opex for the next ~4 billion years. Just needs a few small problems to be worked out, like a pipe to transfer energy.