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yes we should make as it would be like a back up for everything
We should make funding space explorations a global priority as it would give us a backup – to go to different planets we may discover, which are habitable for us of course, and we could colonize them or we could also gather resources and we could move to that planet if the need ever arises to evacuate Earth as Space has a lot in store for us, both good and bad.
Yes, we might face some consequences like extinction of earth, meteor collisone, flood across the world, high heat intensisation on earth, e.t.c. For all these we need to run away from our planet and stay in other plant to stay safe. For all these we need to fund them.