https://en.wikipedia.org/wiki/Impact_crater#Modification_and_collapse wrote:
<<Contact, compression, decompression, and the passage of the shock wave all occur within a few tenths of a second for a large impact. The subsequent excavation of the crater occurs more slowly, and during this stage the flow of material is largely subsonic. During excavation, the crater grows as the accelerated target material moves away from the point of impact. The target's motion is initially downwards and outwards, but it becomes outwards and upwards. The flow initially produces an approximately hemispherical cavity that continues to grow, eventually producing a paraboloid (bowl-shaped) crater in which the centre has been pushed down, a significant volume of material has been ejected, and a topographically elevated crater rim has been pushed up. When this cavity has reached its maximum size, it is called the transient cavity.
The depth of the transient cavity is typically a quarter to a third of its diameter. Ejecta thrown out of the crater do not include material excavated from the full depth of the transient cavity; typically the depth of maximum excavation is only about a third of the total depth. As a result, about one third of the volume of the transient crater is formed by the ejection of material, and the remaining two thirds is formed by the displacement of material downwards, outwards and upwards, to form the elevated rim. For impacts into highly porous materials, a significant crater volume may also be formed by the permanent compaction of the pore space. Such compaction craters may be important on many asteroids, comets and small moons.
In large impacts, as well as material displaced and ejected to form the crater, significant volumes of target material may be melted and vaporized together with the original impactor. Some of this impact melt rock may be ejected, but most of it remains within the transient crater, initially forming a layer of impact melt coating the interior of the transient cavity. In contrast, the hot dense vaporized material expands rapidly out of the growing cavity, carrying some solid and molten material within it as it does so. As this hot vapor cloud expands, it rises and cools much like the archetypal mushroom cloud generated by large nuclear explosions. In large impacts, the expanding vapor cloud may rise to many times the scale height of the atmosphere, effectively expanding into free space.
Most material ejected from the crater is deposited within a few crater radii, but a small fraction may travel large distances at high velocity, and in large impacts it may exceed escape velocity and leave the impacted planet or moon entirely. The majority of the fastest material is ejected from close to the center of impact, and the slowest material is ejected close to the rim at low velocities to form an overturned coherent flap of ejecta immediately outside the rim. As ejecta escapes from the growing crater, it forms an expanding curtain in the shape of an inverted cone. The trajectory of individual particles within the curtain is thought to be largely ballistic.
Small volumes of un-melted and relatively un-shocked material may be spalled at very high relative velocities from the surface of the target and from the rear of the impactor. Spalling provides a potential mechanism whereby material may be ejected into inter-planetary space largely undamaged, and whereby small volumes of the impactor may be preserved undamaged even in large impacts. Small volumes of high-speed material may also be generated early in the impact by jetting. This occurs when two surfaces converge rapidly and obliquely at a small angle, and high-temperature highly shocked material is expelled from the convergence zone with velocities that may be several times larger than the impact velocity.
In most circumstances, the transient cavity is not stable and collapses under gravity. In small craters, less than about 4 km diameter on Earth, there is some limited collapse of the crater rim coupled with debris sliding down the crater walls and drainage of impact melts into the deeper cavity. The resultant structure is called a simple crater, and it remains bowl-shaped and superficially similar to the transient crater. In simple craters, the original excavation cavity is overlain by a lens of collapse breccia, ejecta and melt rock, and a portion of the central crater floor may sometimes be flat.
Above a certain threshold size, which varies with planetary gravity, the collapse and modification of the transient cavity is much more extensive, and the resulting structure is called a complex crater. The collapse of the transient cavity is driven by gravity, and involves both the uplift of the central region and the inward collapse of the rim. The central uplift is not the result of elastic rebound, which is a process in which a material with elastic strength attempts to return to its original geometry; rather the collapse is a process in which a material with little or no strength attempts to return to a state of gravitational equilibrium.
Complex craters have uplifted centers, and they have typically broad flat shallow crater floors, and terraced walls. At the largest sizes, one or more exterior or interior rings may appear, and the structure may be labeled an impact basin rather than an impact crater. Complex-crater morphology on rocky planets appears to follow a regular sequence with increasing size: small complex craters with a central topographic peak are called central peak craters, for example Tycho; intermediate-sized craters, in which the central peak is replaced by a ring of peaks, are called peak-ring craters, for example Schrödinger; and the largest craters contain multiple concentric topographic rings, and are called multi-ringed basins, for example Orientale. On icy (as opposed to rocky) bodies, other morphological forms appear that may have central pits rather than central peaks, and at the largest sizes may contain many concentric rings. Valhalla on Callisto is an example of this type. 
Southern Moonscape
Thanks but no thanks; I'll stay right here! Maybe if I was a lot younger!
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Besides no beer on Luna! 
