The Moon is also much closer to the center of the Milky Way galaxy than Earth. This means that it is more sensitive to gravitational waves that are emitted from sources in the Milky Way, such as merging black holes and neutron stars.
Additionally, the Moon has a vacuum environment, which would allow for the construction of a larger and more sensitive gravitational wave observatory than is possible on Earth.
The main challenge in placing a gravitational wave observatory on the Moon is the cost of transporting and setting up the equipment. However, several studies have shown that it is feasible to build a gravitational wave observatory on the Moon, and several countries and space agencies are currently considering doing so.