They did not “stop after the space race”. In “near space”, the amount of satellites exploded and brought things like satellite TV and GPS. Within the solar system, probes are still being sent, Mars, Venus, comets.
Why didn’t they settle on the moon? It’s not really feasible from a cost/utility standpoint. It takes a huge amount of resources to get comparatively tiny amounts of matter into orbit, not to mention land on the moon, and even more to get back. On the other hand, the moon doesn’t really have anything to offer resource wise, as in not even close to self sustainable, not are there resources you can’t get on earth without the effort.
Probably the best use case for a moon station would be a space telescope, but the ones in earth orbit are doing fine without the additional effort to maintain them.
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