What is the difference between Space Cloud and Space On-Premises?
Space Cloud is a version of Space provided as a service hosted and maintained by JetBrains.
As an alternative to using Space as a service (or Space Cloud), you can get your own self-managed Space instance (or Space On-Premises). It implies that you install, manage, and maintain Space on your own.
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That seems pretty obvious by the name of the products. When people ask about the differences, it's the differences in capabilities, like the fact that Space on-prem does not provide dev environments: https://www.jetbrains.com/help/space/space-on-premises-installation.html#limitations