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A City on Mars: Reality kills space settlement dreams
(arstechnica.com)
This is a most excellent place for technology news and articles.
The problem is that such space stations are very complex to build and maintain, and can more easily catastrophically fail. It's certainly an option, but it may not be worth it.
Of course, all of this is speculation, but my point is mostly that if we don't have sufficiently advanced space construction capabilities, surface habitats and infrastructure on the moon may be preferable.