The thing that you are missing is that linear algebra is about much more than matrix multiplication. It is about the properties of linear transformations in general. While matrix multiplication may have simple implementations in spreadsheets, many other concepts in linear algebra don't, for example calculations of and properties of eigenvectors and the corresponding eigenvalues, or the various matrix decompositions (themselves closely related to eigenvalues and eigenvectors). The matrix decompositions in particular give results that not only are mathematically interesting, but are enormously important computationally.
In terms of societal impact, other than calculus, no field of mathematics has had a greater impact than linear algebra. From quantum mechanics to the google search engine to machine learning, linear algebra is fundamental. Spreadsheets are awesome and a brilliant idea, but they are aimed at solving a different set of problems. Important though they may be, they pale in comparison to linear algebra.