Yup. It's really intriguing how the solar systems of our galaxy look pretty much exactly like atoms of a much larger cell. In nature you can find that satellite-orbiting-a-Nucleus shape on many different scales. Total Men In Black shit.
this model/analogy is actually false -
"Despite the obvious analogy to planets revolving around the Sun, electrons cannot be described as solid particles. In addition, atomic orbitals do not closely resemble a planet's elliptical path in ordinary atoms. A more accurate analogy might be that of a large and often oddly-shaped "atmosphere" (the electron), distributed around a relatively tiny planet (the atomic nucleus). One difference is that some of an atom's electrons have zero angular momentum, so they cannot in any sense be thought of as moving "around" the nucleus, as a planet does. Other electrons do have varying amounts of angular momentum."
orbitals are just a convenient way to describe energy levels of electrons