Also, the positioning error isn't the whole story; there's also timing drift. Rubidium GPS-disciplined oscillators actually drift too much instantaneously to be useful...
Besides, as another poster noted, VLBAs need extremely precise positioning which is just another rabbit hole. Spektr-R orbit determination was really tricky for its baseline of 300000+ km.
See p.8 and 10 for those used in the current state of the art telescope at 160MHz https://www.aanda.org/articles/aa/pdf/2013/08/aa20873-12.pdf And https://cdr.skatelescope.org/#photos?lfaa for those used in the SKA, one of the largest future radio telescopes that is still under construction.
Getting the distances between the telescopes is actually easier in space. Both distance measuring and datatransmission could be done with lasers when there is a clear line of sight. Moreover, once an orbit is established, the laws of Kepler are 'followed' and predicting their mutual distances is something we can do extremely well. On Earth with very long baselines it is much trickier and things that need to be taken into consideration are cablelength differences due to temperature changes, tides and continental drift. (Continental drift is actually measured with radio telescopes: in the reverse problem when the location of a set of sources on the sky is known to high precision one can establish at what speed the distances between the telescopes is changing.)
For an idea of scale, the entire VLA was built for ~80 megabucks. The entire Atacama Large Millimeter Array was built for 1.4 gigabucks.
Things have changed quite a bit over past 20 years. Launches are getting much cheaper now, and satellites are getting smaller. I imagine costs could be brought down, especially if the scope of the mission was limited to e.g. simple constellation for radiointerferometry.
I suspect an optical (laser) emitter could transmit either directly to Earth or to a retransmission satellite at GSO that already has a beefy radio downlink, and also serves as a regular comm sat.