Tokyo Disneyland’s new Space Mountain Earthrise costs about $460 million, making it the most expensive attraction Imagineering has built.
The new Space Mountain at Tokyo Disneyland carries a budget of roughly ¥70.5 billion, or about $460 million.
That makes it the most expensive attraction Walt Disney Imagineering has ever built, and it opens in 2027 alongside a rebuilt Tomorrowland Plaza.
Here is why so much was spent on one attraction. Tokyo Disney Resort is not owned by Disney.
Oriental Land Company will tell us what Disney won’t
Oriental Land Company operates Tokyo Disney Resort under license from Disney, which gives it control over investment decisions and, more usefully for the rest of us, a legal obligation to report spending.
OLC discloses attraction budgets in quarterly and annual investor reports. The Walt Disney Company does not.
So every American attraction cost you have ever read is an estimate. Star Wars: Rise of the Resistance, Avatar Flight of Passage, Guardians of the Galaxy: Cosmic Rewind, all rumored figures, offhand remarks on earnings calls, and educated guesses from people who track construction permits.
Any of those could have cost more than Tokyo’s Space Mountain. Nobody outside Disney knows, and Disney is not saying.
The budget went up by a quarter
The project was announced in April 2022 at ¥56 billion.
By the time OLC reported third-quarter results for the fiscal year ending March 2026, that number had climbed to ¥70.5 billion, an increase of about 26 percent.
Japanese inflation is the culprit. It passed the Bank of Japan’s 2 percent target the same month the project was announced, peaked at a 41-year high in January 2023, and settled back to 2.1 percent by December 2025.
The decline came too late. Labor and material costs were locked in during the spike.
Two Space Mountains stood at once
The original opened with the park in 1983 and closed July 31, 2024.
Construction on the replacement started while the old one was still operating, which produced a genuinely strange sight. For a stretch, riders on the Tokyo Disney Resort monorail could see two Space Mountains, one rising and one coming down.
What is it going to be called?
Officially, Space Mountain (2027).
Rumors have pointed to Space Mountain Earthrise, and Disney has described the reimagined ride as leaning into thrill plus heart, with a story emphasizing the value of Earth.
A Wreck-It Ralph ride is coming too
Also in 2027, also expensive.
A Wreck-It Ralph attraction replaces Buzz Lightyear’s Astro Blasters, which closed in October 2024, with a budget of about ¥29.5 billion, roughly $200 million.
That figure raised eyebrows because the project was understood to be a reimagining using existing infrastructure. Two hundred million dollars is a lot of money to spend inside a building you already have.
Why does Tokyo get the expensive stuff?
Because OLC decides, and OLC spends.
The licensing arrangement has historically meant Tokyo receives some of the most elaborate attractions in the global Disney portfolio. Enchanted Tale of Beauty and the Beast, Anna and Elsa’s Frozen Journey and Peter Pan’s Never Land Adventure all came out of the same dynamic.
Construction costs keep climbing, so the record will not last. The point is not that Tokyo spent the most. It is that Tokyo is the only park that had to tell anyone.
Article compiled with the help of the Pirates & Princesses newsroom.
Pirates and Princesses is your destination for Disney news, theme park updates, and the pop culture you love. From Disney cruises and travel tips to Disney fashion, food, collectibles, and movie news, PNP covers it all. Visit us at piratesandprincesses.net for daily coverage. Follow PNP on Facebook and Instagram, and listen to the Pirates & Princesses podcast on Apple Podcasts and YouTube.
Hat Tips:
WDW News Today (February 2026), the revised ¥70.5 billion figure, the original ¥56 billion budget and the Wreck-It Ralph budget
Disney Fanatic (February 2026), the point that OLC discloses budgets while Disney does not, and the Japanese inflation timeline
Disney Tourist Blog (December 2024 and March 2026), the two-Space-Mountains construction observation and the ride system context
Inside the Magic (January 2026), the Space Mountain Earthrise rumor and the official project naming
Parade (February 2026), the thrill-and-heart description and the spring 2027 Wreck-It Ralph timing
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