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The ride was announced as part of an overall overhaul of Epcot at the 2017 D23 Expo. On August 13, 2017, Ellen’s Energy Adventure was closed so that construction could begin on the attraction. At D23 Japan in 2018, it was confirmed that the ride would be one of the world’s longest enclosed roller coasters and that the ride would open in 2021.
The name of the ride, Guardians of the Galaxy: Cosmic Rewind, was announced on August 25, 2019 at the D23 Expo 2019]].
Construction began in late August 2017. The existing Universe of Energy show building will be reused and retrofitted for the new attraction; the roller coaster itself will be housed in a new, massive show building situated backstage behind the Universe of Energy building and the former Wonders of Life pavilion. On May 4, 2018, the Disney Parks Blog released a video stating that 960 truckloads of concrete had been poured for the foundation of the new ride show building.