It won't.
Times have changed for a start and like very often pointed out here a good chunk of the new wave of Ibiza (clubbing) visitors have never been and for them is just something, almost mythical, they hear about but doesn't mean anything to them.
Try to "recreate" Space it's never going to work, it might establish itself as a great new night (or day) but it will never be Space.
Space wasn't just a great club with a great line up of DJs.
Space was the amazing opening and closing fiestas that for many years where the symbol of the start and closing of the Ibiza summer seasons.
Space was the venue with its great terrace (especially when it had no roof)
Space was the buzz in Playa den Bossa on a Sunday.
Space was the " pass out" that enabled you to get some "cheap" refreshments in the supermarkets across the road and popping to Bora Bora for a bit of "chill out" time before going back and once the terrace shut, sweat your tits off in the Discoteca until the very end.
Space was heading straight to DC10 on the Monday morning with no sleep.
Space was going back to your apartment (mainly Jets) after more than 24 hours party totally wrecked while promising yourself no to do It ever again
Space was the amazing feeling that made you do it over and over again.
I guess Pepe Rosello is behind this new venture at Eden?
Unless he wanted to keep it quiet or maybe this is something it materialised later but he didn't mention anything at all early in the year at The Standard during his chat for the DIPEF, the only thing he said was that all efforts were concentrated for the opening of Space in Riccione
I can't remember who it was but on the same chat someone asked him why not running a Space event, like a mini festival perhaps at the start and one at closing just to mark the beginning and end of the summer like the old days?
I personally think that, may be a better idea if they really are determined to recreate and keep alive the Space brand a bit rather than having a night called Space in another venue