Today people still do it, but it means nothing to anyone other than those people.
Going to the moon in the 60s was an impressive feat. It pushed the boundary forward. But that's all it did. There's literally nothing of value there.
Sure most of the people who saw that are dead, or will be in the next 20 years. So it will seem "cool" to the next generation. But selling "cool" to a congressional appropriations committee is a tough sell.
We aren't gonna colonize the moon (or indeed mars) because frankly it would be too expensive, and there's no point. There literally is nothing to gain from a colony in either place, and there's no way to fund it (and no reason to fund it.)