Yes to space dyed. Space dyeing often uses more than two colors, but it can be just two. You could also call it marled.
ETA, I can't see which it is, but marled yarn is two or more plys of different colours that are spun together to create variagation, where as space dye is done on the finished yarn , by applying dye at intervals, like dip dyeing. It looks more like space dye as far as I can see, but both could be useful descriptions.