diff --git a/src/engine/init/omp.lua b/src/engine/init/omp.lua
index 95ed905d..82c8a4d6 100644
--- a/src/engine/init/omp.lua
+++ b/src/engine/init/omp.lua
@@ -3,18 +3,30 @@
 local endedit_time
 local last_duration
 local tip_word
+local cached_prompt = {}
 
 local function omp_exe()
     return [["::OMP::"]]
 end
 
 local function omp_config()
-    return [[::CONFIG::]]
+    return [["::CONFIG::"]]
+end
+
+local function can_async()
+    if (clink.version_encoded or 0) >= 10030001 then
+        return settings.get("prompt.async")
+    end
 end
 
 local function run_posh_command(command)
     command = '"'..command..'"'
-    output = io.popen(command):read("*a")
+    local _,ismain = coroutine.running()
+    if ismain then
+        output = io.popen(command):read("*a")
+    else
+        output = io.popenyield(command):read("*a")
+    end
     return output
 end
 
@@ -62,27 +74,66 @@ local function error_level_option()
 end
 
 local function get_posh_prompt(rprompt)
-    local prompt_exe = string.format('%s --shell=cmd --config="%s" %s %s --rprompt=%s', omp_exe(), omp_config(), execution_time_option(), error_level_option(), rprompt)
+    local prompt_exe = string.format('%s --shell=cmd --config=%s %s %s --rprompt=%s', omp_exe(), omp_config(), execution_time_option(), error_level_option(), rprompt)
     return run_posh_command(prompt_exe)
 end
 
+local function get_posh_tooltip(command)
+    local prompt_exe = string.format('%s --shell=cmd --config=%s --command="%s"', omp_exe(), omp_config(), command)
+    local tooltip = run_posh_command(prompt_exe)
+    if tooltip == "" then
+        -- If no tooltip, generate normal rprompt.
+        tooltip = get_posh_prompt(true)
+    end
+    return tooltip
+end
+
 local p = clink.promptfilter(1)
 function p:filter(prompt)
-    return get_posh_prompt(false)
+    if cached_prompt.left and cached_prompt.tip_space then
+        -- Use the cached left prompt when updating the rprompt (tooltip) in
+        -- response to the Spacebar.  This allows typing to stay responsive.
+    else
+        -- Generate the left prompt normally.
+        cached_prompt.left = get_posh_prompt(false)
+    end
+    return cached_prompt.left
 end
 function p:rightfilter(prompt)
     if tip_word == nil then
-        return get_posh_prompt(true), false
+        -- No tooltip needed, so generate prompt normally.
+        cached_prompt.right = get_posh_prompt(true)
+    elseif cached_prompt.tip_space and can_async() then
+        -- Generate tooltip asynchronously in response to Spacebar.
+        if cached_prompt.coroutine then
+            -- Coroutine is already in progress.  The cached right prompt will
+            -- be used until the coroutine finishes.
+        else
+            -- Create coroutine to generate tooltip rprompt.
+            cached_prompt.coroutine = coroutine.create(function ()
+                cached_prompt.right = get_posh_tooltip(tip_word)
+                cached_prompt.tip_done = true
+                -- Refresh the prompt once the tooltip is generated.
+                clink.refilterprompt()
+            end)
+        end
+        if cached_prompt.tip_done then
+            -- Once the tooltip is ready, clear the Spacebar flag so that if the
+            -- command word changes and the Spacebar is pressed again, we can
+            -- generate a new tooltip.
+            cached_prompt.tip_done = nil
+            cached_prompt.tip_space = nil
+            cached_prompt.coroutine = nil
+        end
+    else
+        -- Tooltip is needed, but not in response to Spacebar, so refresh it
+        -- immediately.
+        cached_prompt.right = get_posh_tooltip(tip_word)
     end
-    local prompt_exe = string.format('%s --shell=cmd --config="%s" --command="%s"', omp_exe(), omp_config(), tip_word)
-    tooltip = run_posh_command(prompt_exe)
-    if tooltip ~= "" then
-        return tooltip, false
-    end
-    return get_posh_prompt(true), false
+    return cached_prompt.right, false
 end
 function p:transientfilter(prompt)
-    local prompt_exe = string.format('%s --shell=cmd --config="%s" --print-transient', omp_exe(), omp_config())
+    local prompt_exe = string.format('%s --shell=cmd --config=%s --print-transient', omp_exe(), omp_config())
     prompt = run_posh_command(prompt_exe)
     if prompt == "" then
         prompt = nil
@@ -116,11 +167,12 @@ function ohmyposh_space(rl_buffer)
     local words = string.explode(rl_buffer:getbuffer(), ' ', [["]])
     if words[1] ~= tip_word then
         tip_word = words[1] -- remember the first word for use when filtering the prompt
+        cached_prompt.tip_space = can_async()
         clink.refilterprompt() -- invoke the prompt filters so omp can update the prompt per the tip word
     end
 end
 
 if rl.setbinding then
-    clink.onbeginedit(function () tip_word = nil end)
+    clink.onbeginedit(function () tip_word = nil cached_prompt = {} end)
     rl.setbinding(' ', [["luafunc:ohmyposh_space"]], 'emacs')
 end