I think there will be large bases on the moon, but not any terraforming. The moon is just too impractical to use as a new permanent home. We will definitely exploit its resources, maybe to product space colonies and solar power satellites. Mars would be more of a candidate for colonization and terraforming. Venus would be a long shot, but if we could speed up its rotation to match something close to Earth's and find a way to convert its poisonous and crushing atmosphere, that might just be possible.
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