CarlShulman comments on Politicians stymie human colonization of space to save make-work jobs - Less Wrong
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I agree with Robin, and underground refuges do compete with space, in our advocacy/attention if nothing else. Heck if one is keen on exploiting the moon-landing legacy NASA budget, push for more Biosphere 2 type projects nominally in preparation for space travel.
Programs of that sort are generally not self-sufficient and isolated enough to substantially reduce existential risk. For example, a gray goo scenario will hit those about as hard as it hits anywhere else. And such programs are rarely long-term enough to be able to remain isolated for long if normal infrastructure gives out.