There's another way to look at it, though. If the data center satellites can be built and launched cheap enough, you can still come out ahead on performance/cost. I.e. if the space data center has 1/10 the performance of a ground one, and they can be built and launched for less than 10% of the cost, then you've got a business. And there are costs that won't be incurred - no electric bill, no cost for land, no charge for maintenance.
There's another way to look at it, though. If the data center satellites can be built and launched cheap enough, you can still come out ahead on performance/cost. I.e. if the space data center has 1/10 the performance of a ground one, and they can be built and launched for less than 10% of the cost, then you've got a business. And there are costs that won't be incurred - no electric bill, no cost for land, no charge for maintenance.
I wouldn't be too quick to dismiss Musk.