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The possibilities are:

- America. Much harder since the elections. Not appealing.

- Europe. Doesn't have enough electricity with anti-AI, anti-big tech and high tax governments. Not appealing.

- Latin America. Expensive, likely to have your assets appropriated by socialists. Not appealing.

- Africa. No.

- Middle East. Your GPU cluster might get blown up. No.

- China. To some extent yes. Plenty of power and space, pro-AI government, but many companies don't want to send their IP to a country famous for copying it and they're still under GPU sanctions.

- Japan, Korea, etc. Maybe. They're not really famous for big datacenters though.

- Australia, Canada. Possible, but you're exposed to Europe-style political risks.

There just aren't many places on Earth where it's realistic to build and operate AI datacenters once political issues and grid constraints are taken into account.

We're currently building 500+ datacenters in the EU?
Yeah? By "datacenter" are we talking about the kind of gigawatt scale facilities dedicated to AI they're casually tossing around in the USA? I haven't heard of any such projects that actually got off the ground. Stargate UK was paused. If so where do they get their natural gas from.
Come on… this is exponentially too reductive to be a serious counterpoint. Also, 0% of the problems you cited are likely to be less expensive than building in space. And do you imagine being in space would make your data centers more or less defensible against the likes of Russia?