Tokyo Disneyland is replacing its classic Space Mountain with a completely new attraction at a staggering cost of $461 million, according to official financial documents from The Oriental Land Company.
The ambitious project marks the most expensive single-attraction investment in Space Mountain’s history across all Disney parks worldwide. Demolition of the original ride has already begun, following the attraction’s permanent closure last summer.
Construction Already Underway
Tokyo Disneyland shut down Space Mountain on July 31, 2024, ending decades of operation at the Japanese theme park. Within days, construction barriers surrounded the Tomorrowland attraction as demolition teams moved in to dismantle the structure.
Guests witnessed the disappearance of Space Mountain’s distinctive spires from the skyline as crews systematically took apart the iconic landmark. The complete teardown paves the way for an entirely new roller coaster experience rather than a simple refurbishment.
Financial disclosures from The Oriental Land Company reveal that the replacement will cost approximately ¥70.5 billion, or around $461 million. The company officially designates the project as “Space Mountain (2027),” though unconfirmed reports suggest it could be named “Space Mountain Earthrise” when it opens.
NEW: Oriental Land Company is spending ~$461,000,000 (¥70.5 billion) on the all-new Space Mountain coming to Tokyo Disneyland.
The blockbuster investment, part of the park’s redeveloped Tomorrowland, is still officially set to open in 2027.
NEW: Oriental Land Company is spending ~$461,000,000 (¥70.5 billion) on the all-new Space Mountain coming to Tokyo Disneyland.
The blockbuster investment, part of the park’s redeveloped Tomorrowland, is still officially set to open in 2027. pic.twitter.com/whzBrI6TR9
— Drew Smith (@DrewDisneyDude) January 29, 2026
The new attraction will debut as part of a comprehensive Tomorrowland overhaul that includes a reimagined Space Mountain plaza area, located within the former ride’s footprint. Tokyo Disney Resort has committed to a 2027 opening but hasn’t specified which month the roller coaster will begin welcoming riders.
Space Mountain’s Evolution
Since its 1975 debut at Magic Kingdom Park in Florida, Space Mountain has become one of Disney’s most recognizable attractions. The indoor roller coaster represented a significant milestone—one of the first major rides to launch in Walt Disney World Resort before being duplicated at Disneyland Resort in California.
The Anaheim version opened in May 1977, establishing Space Mountain as a cornerstone of the Tomorrowland experience at multiple Disney destinations. International expansion followed quickly: Tokyo Disneyland included the attraction when it opened in 1983, Disneyland Paris added its take in 1995, and Hong Kong Disneyland featured the coaster from its 2005 debut.
Shanghai Disneyland is the only Disney Resort worldwide that did not build a Space Mountain when it opened in 2016.
Varying Strategies for Updates
Different Disney parks have pursued various strategies to keep Space Mountain relevant. The approaches range from temporary overlays to permanent transformations to careful preservation through refurbishment.
At Disneyland Paris and Hong Kong Disneyland, Space Mountain no longer exists in its original form. Both locations permanently converted their versions to Hyperspace Mountain, incorporating Star Wars theming and storylines. Disneyland in California has tested the Star Wars concept through limited-time overlays before returning to the classic space theme.
Florida’s Magic Kingdom and California’s Disneyland Park have invested in multiple extended closure periods for comprehensive renovations, but both maintained the original space exploration concept throughout these updates.
Tokyo’s total replacement strategy is the most drastic approach any Disney park has taken with the attraction. Rather than renovating or reimagining the existing structure, The Oriental Land Company opted to start from scratch with a completely new build.
Record-Breaking Investment
The $461 million price tag sets Tokyo’s new Space Mountain apart from typical theme park attraction budgets. This investment for a single ride exceeds what many regional theme parks spend on multiple attractions or on an entire new themed area.
The Oriental Land Company operates Tokyo Disney Resort independently under licensing agreements with The Walt Disney Company. This structure has historically enabled Tokyo to pursue more ambitious and costly projects than Disney’s directly-operated parks.
Previous Tokyo Disney Resort projects have demonstrated this willingness to invest heavily in guest experiences, and the new Space Mountain continues that tradition on an unprecedented scale.
The revamped Tomorrowland area is set to debut sometime in 2027, though the exact timing has not been announced. The new Space Mountain will serve as the centerpiece of this reimagined section of Tokyo Disneyland, potentially setting new standards for indoor roller coaster experiences at Disney parks worldwide.
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