Oriental Land Company, the operator of Tokyo Disney Resort, has revealed that the budget for its new Space Mountain has increased to approximately 70.5 billion yen (roughly $460 million USD at current exchange rates). The updated figure, disclosed in OLC’s financial results for the third quarter of the fiscal year ending March 2026, makes the reimagined coaster the most expensive attraction Walt Disney Imagineering has ever built.
What Changed With the Budget
When the new Space Mountain was first announced in April 2022, OLC pegged the investment at approximately 56 billion yen. That figure has now climbed to 70.5 billion yen, an increase of roughly 26 percent.
The budget growth tracks closely with Japan’s inflation spike. The project was announced the same month inflation surpassed the Bank of Japan’s 2 percent target for the first time. By January 2023, Japan’s inflation rate hit a 41-year high. While the rate has since cooled to 2.1 percent as of December 2025, much of the higher labor and materials costs had already been locked in during the construction timeline.
At 2019 exchange rates, the 70.5 billion yen price tag would have translated to approximately $700 million USD. The current strength of the dollar relative to the yen brings the figure closer to $460 million. Either way, OLC is spending in yen, and in local currency terms, this is comfortably the largest investment in a single Disney attraction to date.
What the New Space Mountain Will Look Like
The new Space Mountain will maintain its identity as an indoor roller coaster but will feature enhanced performance and immersive special effects designed to elevate the experience. According to OLC, the reimagined attraction will be part of a broader Tomorrowland plaza redesign that expresses the connection between Earth and the universe, representing a future where humans are in harmony with nature.
As I covered in January when the broader Tomorrowland project was announced, the full redevelopment includes more than just Space Mountain. OLC also disclosed in the same Q3 report that the new Wreck-It Ralph attraction, also planned for the Tomorrowland area, carries an approximate investment of 29.5 billion yen (roughly $200 million).
Both the new Space Mountain and the Wreck-It Ralph ride are scheduled to open in 2027.
Why This Matters Beyond Tokyo
This investment signals how seriously OLC is taking the Tomorrowland transformation. For context, Disney’s recent domestic investments in attraction upgrades and pavilion refreshes operate on a much smaller scale. The Tokyo project dwarfs most individual attraction budgets across the Disney parks portfolio.
The Tomorrowland reimagining at Tokyo Disneyland could also serve as a blueprint for future changes at other parks. Disney leadership has been signaling a renewed investment push across its global parks, and what works in Tokyo often informs decisions in Orlando and Anaheim down the road.
The original Space Mountain at Tokyo Disneyland opened in 1983 alongside the park itself and has been a staple ever since. It closed permanently to make way for this rebuild, which represents not just a new ride but a complete reimagining of one of Tomorrowland’s signature areas.
Source: Oriental Land Company Q3 FY2025 Financial Results via Disney Tourist Blog
