The nebular hypothesis is the most widely accepted model in the field of cosmogony to explain the formation and evolution of the Solar System. It suggests the Solar System is formed from gas and dust orbiting the Sun which clumped up together to form the planets. The theory was developed by Immanuel Kant and published in his Universal Natural History and Theory of the Heavens (1755) and then modified in 1796 by Pierre Laplace. Originally applied to the Solar System, the process of planetary system formation is now thought to be at work throughout the universe. The widely accepted modern variant of the nebular theory is the solar nebular disk model (SNDM) or solar nebular model. It offered explanations for a variety of properties of the Solar System, including the nearly circular and coplanar orbits of the planets, and their motion in the same direction as the Sun's rotation. Some elements of the original nebular theory are echoed in modern theories of planetary formation, but most elements have been superseded.

There is evidence that the formation of the Solar System began about 4.6 billion years ago with the gravitational collapse of a small part of a giant molecular cloud. Most of the collapsing mass collected in the center, forming the Sun, while the rest flattened into a protoplanetary disk out of which the planets, moons, asteroids, and other small Solar System bodies formed.