Earlier quoted context omitted.
Oh wow, I didn't know that, thanks. By the way, to whomever downvoted a legitimate question: Nice.
I didn't downvote you, but you asked a question the answer to which is easily available with the most trivial of web searches. You assumed he meant "disk space", assuming the author made a mistake when you could easily have checked and not asked the question here. In some sense, it's not a legitimate question for this context.
One reply puts it into historical context, and educates the reader about the memory/persistence model of the ZX81.
The other reply points out that the lack of virtual memory and whatnot means that, in previous times, you needed to have the entire thing loaded into memory to execute something.
Without some digging and a knowledge of what to look for, those are non-obvious but useful points.