I mean sure it would? That’s rhe whole point is that exponential growth quickly reaches massive quantities. Like literally after 120 days I doubt that many lilypads would fit on earth.
I’m not sure what lily pads so I went with the largest which have around 7.069m2 of surface area or 0.0000007069km2 surface area.
Earth has a surface area of 510,064,472km2
After 120 days of doubling we have
6.64614x1035 * 7.069x10-6 = 4.6982Ex1030
So you are correct but it’s also around 23x the surface area of the sun.