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IMHO the previous race ended because there wasn't that much to be achieved with the technology at hand at that time. They just pivoted to space stations, a space(!) with low hanging fruit.

So if US ends up beating China on this, it will all depend if there's something feasible to do next. I'm under impression that everything done in this new space age so far is just a re-do with the cheaper and better technology. SpaceX reaping that but I am not sure if there's any drastically better capabilities. Can't wait for humans on Mars however I don't expect this to be anything more than vanity project.

>>mrtksn+(OP)
You might be right. But a lunar telescope, lunar bases, lunar-orbiting station… Lots still to do within the Earth's sphere of influence.

>>JKCalh+A5
I’m looking forward for gigantic civilian space stations in Earth and Moon orbit. I think that’s feasible, we aren’t getting interplanetary anytime soon but we can expand to the orbit and our Moon.