Globally, interest in space is shifting. Once again, the world is experiencing a race to the moon. Key countries, such as the United States and China, are spending billions to return to the moon and develop bases for long-term, sustainable human habitation on the lunar surface. Key programs such as Artemis by NASA support this goal. Increased interest in the moon supports a new market for enabling technology, infrastructure, and services on the lunar surface, which significantly drives business opportunities. This study discusses the emerging lunar economy, covering the value chain, ecosystem, efforts, and initiatives by spacefaring nations as well as the current investment landscape. Other study highlights include the lunar economy s impact on sustainability as well as market drivers and restraints. Finally, the study points out three top growth opportunities for the near and long term. Frost & Sullivan has not determined a market size and growth rate in these very early stages of development.