Earlier quoted context omitted.
Output from radiating heat scales with area it can dissipate from. Lots of small satellites have a much higher ratio than fewer larger satellites. Cooling 10k separate objects is orders of magnitude easier than 10 objects at 1000x the power use, even if the total power output is the same. Distributing useful work over so many small objects is a very hard problem, and not even shown to be possible at useful scales for…
Whatever sat datacenter they biuld, it would run better/easier/faster/cheaper sitting on the ground in antarctica than it would in space, or floating on the ocean, without the launch costs. Space is useful for those activities that can only be done from space. For general computing? Not until all the empty parts of the globe are full. This is a pump-and-dump bid for investor money. They will line up to give it to him…
It's like his "Mars Colony" junk - and people lap it up, keeping him in the news (in a not explicitly negative light - unlike some recent stories....)