Here is a list of potential benefits to space exploration:
- Discover new elements from different planets and asteroids.
- Furtherance of humans understanding of astrophysics and the way our universe works.
- Discovering intelligent beings who have a mutually beneficial relationship to our existence. 
- Enable humanity to outlive planet earth.

Some potential drawbacks of space exploration:
- Risk of human life being lost to the unknown threats of space.
- Humanity on other planets introduces political and legal challenges that will require changes from the way humans live on earth.
- Human intelligence and resources will need to be allocated to intellectually challenging projects which some may argue would be of better value to humanity if focused on benefiting those here on earth.
- Space travel exposes astronauts to high levels of radiation, which can increase the risk of developing cancer and other health problems. Long-term exposure to microgravity can also cause muscle and bone loss, cardiovascular problems, and impaired immune function.
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