Not really, completely. I'm going to watch the 2009 remake movie, too. But Jason X wraps up the original series by sending Jason not only into the way distant future, but also into space itself where he's probably floating still unless some unlucky ship happens by to pick him up. But we'll probably never see that movie, nor do I want to.
Jason X continues the tradition of the New Line movies of not really trying to have even a shaky continuity, opening with Jason already captured and in the hands of a facility that's just going to freeze him forever since all efforts to destroy him have failed. The movie doesn't care how Jason was captured, but as we saw in Jason Goes to Hell, it's not hard to catch him if you throw enough resources at the project. It's having him stay caught that always proves challenging.
But it's fine. Even though the later movies don't connect to each other, there are enough of them by that point that it's easy to imagine your own connecting story. And I like the audacity of sending Jason into a scifi setting where he can replace xenomorphs in an Alien ripoff. As scifi horror, Jason X is very much B-movie quality, but it's also self-aware, funny, and enjoyably cheesy. I'm glad I watched it, just like I'm glad I watched this whole, crazy series.