The invention discloses a disk type bearingless induction motor. The motor comprises a stator and a double-disk type rotor, wherein the stator comprises an axial stator core, a permanent magnet ring and a radial stator core; axial stator core grooves and radial stator core grooves are formed in two sides of the axial stator core and the inner side of the radial stator core, axial suspension windings and axial torque windings are arranged in the axial stator core grooves, and radial torque windings and radial suspension windings are arranged in the radial stator core grooves; the double-disk type rotor consists of an axial rotor core penetrating through the stator, disk type rotors coaxially connected to two ends of the axial rotor core and a radial rotor core connected to the middle of theaxial rotor core, the axial rotor core is coaxially connected with a rotating shaft extending out of the outer ends of the disk type rotors, axial rotor grooves are formed in inner ends of the disk type rotors, axial rotor conducting bars are arranged in the axial rotor grooves, and radial rotor conducting bars are arranged on the radial rotor cores.