No. Massive radio telescopes like FAST and Arecibo can't feasibly be built in space, and outside some exceptions they'd actually perform worse orbiting earth than on it, since they'd be exposed to more of our radio noise. If we could build over on the far side of the moon it'd be a lot better, but we're not capable of that right now.

And outside radio telescopes ground based visible light telescopes are still extremely important. Back when Hubble was launched atmospheric distortion was a problem for telescopes, but it isn't anymore. Adaptive optics technology allows it to be almost entirely corrected, and with no launch vehicle restrictions ground based telescopes can be built far bigger. Hubble and the James Webb Space Telescope are not the most powerful telescopes ever built, not by a decent margin. Hubble has a 2.4 metre mirror and JWST's is 6.5m, while the largest terrestrial trlescope currently in use is 10m.

And in the near future that'll go a lot further, with the ESO's Extremely Large Telescope coming online in the 2020s with a 39 metre mirror. Back when Hubble was launched space telescopes could get clearer images than ground based ones, but that's not the case anymore. These days the utility of space telescopes is in wavelengths of light that don't penetrate earth's atmosphere, primarily infrared. That's why Hubble was retrofitted for more infrared capabilities during it's servicing missions, and JWST is an entirely infrared telescope.