Eli5: Why is Earth’s moon often the top candidate for the attempted establishment of a human colony in space?

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Eli5: Why is Earth’s moon often the top candidate for the attempted establishment of a human colony in space?

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It is relatively close therefore relatively easy to resupply and potentially evacuate. It would also provide a convenient place to build and launch ships to further locations. There is also plenty of hydrogen and oxygen available if we develop the tools to extract it.

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