The SPACE Tour live album contains the songs from the tour of the same name by StarKid Productions. It was recorded at the tour's last concert at the Gramercy Theatre, New York City on November 27, 2011. The album features live performances of songs from the group's previous productions, and was released digitally on March 13, 2012 through iTunes and Amazon.com. A physical compact disc was later released on March 23, 2012.

The StarKid Precarious Auditory Concert Experience Tour, more commonly abbreviated to The SPACE Tour, was the debut concert tour of StarKid Productions. The tour visited fifteen cities in North America, and consisted of performances of songs from the group's previous productions: Little White Lie, A Very Potter Musical, Me and My Dick, A Very Potter Sequel and Starship.

The seven regular performers for the tour (see Personnel below), were occasionally joined by other current or former members of the group. The most notable of which was Darren Criss, who joined the tour for four concerts in Boston and New York City. For the Gramercy Theatre concert, where the album was recorded, there were no guest performers.

The album marks the first time songs referencing Harry Potter have been sold for monetary gain by the group. Previously, songs referencing the series were released for free on the A Very Potter Musical and A Very Potter Sequel soundtrack albums.

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