Josh Greenbaum is set to direct “Spaceballs 2″ with a script written by Benji Samit, Dan Hernandez and Gad. Samit, Hernandez, Adam Merims and Kevin Salter will serve as executive producers along side Greenbaum, Gad and Brooks.

"Spaceballs 2" has officially been announced. And with it returns fan-favorite actor Rick Moranis, who hasn't been seen in a theatrical film since 2003.

This is not a drill, movie fans! A Spaceballs sequel is in the works and set for release in 2027 — and three of its original stars will reprise their roles.