... I mean, this question could be tacked on to any activity not strictly necessary for survival. Is it permissible for companies to spend (hundreds of) millions of dollars making video games? Artists to spend significant chunks of time creating their works (written, pictorial, or whatever)? And so on.
A slightly different question with a similar theme would be "Is there a reason we should prevent this activity?" If you can't come up with a good reason why you should prevent the activity in question, it's probably better to allow it. And based on the OP, it looks like there isn't a good reason to prevent space expansion.