Which country will be the next to send humans to the Moon?
Short Answer
1. Executive Verdict
- SpaceX orbital propellant transfer demonstrations are yet to occur.
- China's Long March 10 rocket completed full-stack ground tests successfully.
- Final appropriations for NASA's HLS in FY2025/2026 remain unavailable.
- NASA AxEMU spacesuit critical design review findings are not public.
- The US targets its initial crewed lunar landing with Artemis IV by 2028.
- China has set a goal for a crewed lunar landing by 2030.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| United States | 69.0% | 65.2% | The US Artemis program, backed by significant investment, aims to return astronauts to the Moon. |
| China | 31.7% | 31.1% | China's rapidly advancing space program has publicly stated its intention for a crewed lunar landing. |
| Russia | 3.0% | 0.9% | Russia faces significant funding and technological challenges for an independent crewed lunar mission. |
| India | 4.0% | 1.1% | India's space program is growing but a crewed lunar landing is a significant long-term endeavor. |
| European Space Agency | 4.0% | 1.8% | ESA primarily contributes to international crewed missions and lacks an independent lunar human launch capacity. |
Current Context
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
This market resolves to "Yes" if the United States, including missions by US-based companies like SpaceX, is the first country to launch a manned mission to the Moon before January 1, 2031. Otherwise, it resolves to "No", with the outcome verified by The New York Times. The market opened on November 28, 2024, and will close either upon the outcome occurring or by January 1, 2031, at 10:00 AM EST.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| United States | $0.69 | $0.31 | 69% |
| China | $0.32 | $0.69 | 32% |
| European Space Agency | $0.04 | $0.97 | 4% |
| India | $0.04 | $0.97 | 4% |
| Russia | $0.05 | $0.97 | 3% |
Market Discussion
The market indicates a strong belief that the United States (69%) will be the next country to send humans to the Moon, ahead of China (31.7%), by January 1, 2031. However, the main point of discussion among traders is the perceived vagueness of the market rules, specifically questioning whether a "manned mission to the Moon" requires a landing or if merely orbiting would qualify. Participants express concerns about how Kalshi might interpret these rules, including potential joint missions or missions by US-based private companies, leading to hesitancy among some traders.
4. What is the Current Status of Orbital Propellant Transfer Efficiency?
| Orbital Propellant Transfer Demonstrated? | No [^] |
|---|---|
| Starship Orbital Refueling Test Series Status | Not occurred as of March 26, 2026 [^] |
| Artemis III HLS Propellant Requirement | 1000-1200 metric tons [^] |
5. Were China's Long March 10 Rocket Tests Successful and Damage-Free?
| Static Fire Test Date | August 2025 (Successful) [^] |
|---|---|
| Low-Altitude Flight Test Date | February 11, 2026 (Successful) [^] |
| Wenchang Launch Pad Damage | None reported [^] |
6. What Are NASA HLS Funding Appropriations for FY2025 and FY2026?
| NASA HLS FY2025 Budget Request | $1,896.1 million [^] |
|---|---|
| NASA HLS FY2026 Budget Request | $1,746.6 million [^] |
| NASA HLS FY2024 Operational Level | $1,418.9 million [^] |
7. What are the latest NASA Critical Design Review findings for AxEMU?
| NASA AxEMU CDR Findings | Not explicitly stated in available sources (as of March 26, 2026) [Web Research Results] [^] |
|---|---|
| Axiom Internal Review Status | Completed successfully in early 2026 [Web Research Results, 1] [^] |
| CDR Products Delivered | Over 1,200 in 2025 [Web Research Results, 3, 7] [^] |
8. When Will China's Long March 10 and Starship HLS Launch?
| Long March 10 Orbital Flight Target | Late 2026 [^] |
|---|---|
| Starship HLS Uncrewed Lunar Landing Target | June 2027 [^] |
| Starship Propellant Transfer Demonstration | June 2026 [^] |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 01, 2031
- Closes: January 01, 2031
10. Decision-Flipping Events
- Trigger: Prediction markets currently indicate a strong likelihood that the United States will be the next nation to send humans to the Moon before 2031, with probabilities ranging from 68-70% [^] .
- Trigger: China is the next contender, holding 32-37% probability [^] .
- Trigger: The US is targeting its initial crewed lunar landing with Artemis IV in 2028, whereas China has set a goal of 2030 [^] .
- Trigger: No other countries possess viable near-term human lunar programs [^] .
12. Historical Resolutions
No historical resolution data available for this series.
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