Yes, you can delete them but as others have written they do not take up that much space. Archiving them with something like zip may free up most of the space, tidy up the folder and still provide the ability to go back to an old version of the project.
To get rid of all the historical bits of a project perform a "
Save As" of the final project to a new location. When performing a "Save As" to a new location make sure at least "Copy all audio with project" is checked. This will produce a folder containing only the files related to the final project files. Then delete the old project file.