It's not just about having the small telescopes fart apart. It's also keeping their position to a small fraction of the wavelength of light that you're going to image. Orbital interferometers are being considered for an orbital version of LIGO (LISA), but even that's a rudimentary first step to what's required to achieve imaging that's diffraction limited by such a large separation.
“Our team in Cambridge has, however, recently commissioned the world's first optical aperture synthesis telescope. The instrument, called COAST, currently incorporates five 40cm telescopes arranged in a `Y' configuration, with a maximum telescope-telescope separation of approximately 22m. Up to four of the telescopes are used simultaneously. COAST already produces images showing several times more detail than the Hubble Space Telescope at less than a thousandth of the cost, and has been designed to operate with the telescopes up to 100m apart allowing another factor of 10 improvement in the sharpness of its images.”
“The total cost of the telescope was £850,000.”
I’m optimistic about what a space based version could do considering the lack of sound, wind, seismic waves and atmospheric distortions.