Asia is increasingly becoming a major player in the global space race, with China, India, and Japan emerging as prominent actors. While competition exists among these nations, there is also a growing trend of cooperation, particularly in international space missions and governance. The United States, while still leading in space exploration, faces growing competition from China, which has significantly expanded its space program in recent years. The Artemis Accords, led by the United States, and the International Lunar Research Station, led by China, represent competing visions for future lunar infrastructure. Despite these rivalries, the rise of new space actors and the potential for cooperation in areas of shared interest suggest a more complex and interconnected space landscape.