Skull and Bones
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By the time we have an actual society there, our grand children will be adults making that decision, let's leave it to them. Our standards will always be lower than our grand children's.
Still a very short time considering the age of the civilization with learnt to fly barely a hundred years back.
BTW @jamahir , Elon Musk is not really the voice you want to support your stuff....he says some very strange things, he called the British expert in cave rescue (the one that helped to free the thai boys stuck there recently) as a pedophile...all because that guy called one of his other ideas as stupid.
In any case in space, there should be no govt at all, it should be purely a scientific approach like used in Antarctica today (i.e no such thing as land ownership, but purely research focused). Asteroids and such for mining can be first come, first serve policy. Only when human populations increase beyond research activities, will we have to come up with a govt there, but it should be limited and transparent....i.e no socialism/massive bureaucracy + high individual responsibility.
You introduce governance, and they'll introduce weaponization of the society. I believe Space governance will be extended version of the government of their own respective countries, settled in patches. Until settlement becomes mainstream, and starts to become sustainable on their own without assistance from earth.