I think that's a bit exaggerated. The RAD750, which has been used for all sorts of devices, runs from 110 to 200 MHz, typically. A Snapdragon 801 is a quad core 32 bit CPU that can run up to 2.36 GHz. Even if the Snapdragon's IPC is twice that of the PowerPC, even if the Snapdragon is run at its full clock speed (which it certainly is not), and even if the comparison was with the slowest 110 MHz clock of the RAD750, that'd be a factor of 172 times faster.
I think that the person saying this is comparing the floating point throughput of the RAD750 and other CPUs sent in to space with the floating point throughput of the Adreno GPU built in to the Snapdragon 801. That's both misleading and not how things work. But I suppose it makes for catchy headlines, even if it's not factually correct.