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Which country will be the next to send humans to the Moon?

Aired 23 June 2026 · written 2 June, when United States was 57%

Which country will be the next to send humans to the Moon? — episode poster
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The market we based this episode on

The board on 2 June 2026, the day the script was written. A price is the market’s odds of that outcome.

United States57%
China44%
Russia3%
India2%
European Space Agency2%
Platform
Kalshi · real money
Resolves
1 January 2031
Volume traded
$159,750
Outcomes on the board
5
Resolution criteria. If [outcome] is the first country to launch a manned mission to the Moon before Jan 1, 2031, then the market resolves to Yes.

Why we chose it

Two months ago Artemis II flew four astronauts around the Moon and home — the first crewed lunar flight since 1972, and still no one has *walked* there in over fifty years — and this market kept trading, because flying past doesn't count: it's about whose boots touch down next, before 2031. That's the race the board is pricing: United States 59, China 42, everybody else a rounding error, the two adding to just past a hundred — the market saying somebody gets there, coin flip which flag.

The US path is Artemis III, nominally 2028, a relay race of contractors whose lander programs have already had explosive setbacks. China's path is stated with unusual bluntness for a space program: "we will spare no effort" for a landing by 2030, with the Lanyue lander's uncrewed rehearsal pencilled for 2028-29. America is ahead on hardware flown; China is ahead on schedule credibility, having hit essentially every date it has announced. A superpower Moon race, decided by which bureaucracy slips less.

The show’s read Before making an episode we research the market to judge whether it is worth one. This is what that research said about this bet — our reasoning, not reporting.

What we thought

SalThe Handicapper
EddieThe Philosopher
Sal
Fifty-nine on Uncle Sam feels rich. Artemis has slipped, Blue Origin exploded. China's running a straight line while NASA runs a relay race.
Eddie
Fifty years since anyone walked up there, and now a hundred and thirty-five grand is betting humanity remembers how to do it. It's a horse race, not a space race.

How it’s moved since

Daily price. The dotted line is the day the episode was written — the odds Sal and Eddie were looking at. The solid line is the day it aired.

0% 10% 20% 30% 40% 50% 60% 70% written 2 Jun aired 23 Jun 18 Apr 8 Jul 27 Sep United States 53% China 30% Russia 1% European Space Agency 1% India 1%
Written 2 Jun Aired 23 Jun Source: KALSHI

Biggest move since: China, down from 44% on the day the episode was written to 30% today.