... kind of. Like they say, conventional bell-nozzle engines are optimized for a particular altitude, while aerospikes are not, and it's true that if you're going to use the same engine across a wide range of altitudes, aerospikes will be more efficient on average across that wide range than conventional engines will. At any particular altitude, though, a conventional engine optimized for that altitude will be more efficient than an aerospike -- they're "jack of all trades, master of none" engines. And it turns out, with contemporary multi-stage rockets, we can and do use different engine bells at different altitudes, which negates a lot of aerospikes' prospective benefits. Were single-stage-to-orbit vehicles ever to be a thing, aerospikes might have their moment, but it turns out SSTO configurations just aren't very good at lifting much mass to orbit, so that seems unlikely.