**Trader consensus heavily favors "No" for a human moon landing in 2026 (97% implied probability) due to confirmed schedule shifts in NASA's Artemis program.** Artemis II, the first crewed lunar flyby since Apollo, launched successfully on April 1, 2026, and returned in mid-April, validating SLS and Orion systems but without any landing capability. NASA then restructured the sequence in February 2026: the original Artemis III landing target moved to Artemis IV in 2028, while a redesigned Artemis III became a 2027 low-Earth orbit demonstration flight focused on docking tests with lunar landers from SpaceX (Starship HLS) and Blue Origin (Blue Moon). Starship lunar landing hardware remains in early development, with uncrewed demos and crewed surface operations not slated before late 2027 at the earliest. No other agency or commercial effort has demonstrated the necessary orbital refueling, lander readiness, or safety certifications for a 2026 crewed touchdown. Historical Artemis delays—driven by technical integration, testing shortfalls, and supply chain issues—reinforce the timeline. While near-term breakthroughs in private Starship flights or unexpected international acceleration could theoretically compress schedules, realistic barriers like regulatory approvals, vehicle certification, and the remaining six months of 2026 make any reversal highly improbable. The market reflects aggregated trader assessment of these verified program milestones rather than speculation.