diff --git a/doc/release-notes/rl-2605.section.md b/doc/release-notes/rl-2605.section.md
index 610dcb5d42bb..fe734902b46e 100644
--- a/doc/release-notes/rl-2605.section.md
+++ b/doc/release-notes/rl-2605.section.md
@@ -152,6 +152,8 @@
 
 - Plugins for the JetBrains IDEs have been removed from Nixpkgs.
 
+- `spacetimedb` has been updated from 1.12.0 to [2.0.3](https://github.com/clockworklabs/SpacetimeDB/releases/tag/v2.0.3). Breaking changes and migration notes from 1.0 to 2.0 can be found [here](https://spacetimedb.com/docs/upgrade/).
+
 - `jetbrains.plugins.addPlugins` no longer supports plugin names or ID strings.
   You can still use `addPlugins` with plugin derivations, such as plugins packaged outside of Nixpkgs.
 
diff --git a/pkgs/by-name/sp/spacetimedb/package.nix b/pkgs/by-name/sp/spacetimedb/package.nix
index d229cb16ac21..954f9681374c 100644
--- a/pkgs/by-name/sp/spacetimedb/package.nix
+++ b/pkgs/by-name/sp/spacetimedb/package.nix
@@ -15,16 +15,16 @@
 }:
 rustPlatform.buildRustPackage (finalAttrs: {
   pname = "spacetimedb";
-  version = "1.12.0";
+  version = "2.0.3";
 
   src = fetchFromGitHub {
     owner = "clockworklabs";
     repo = "spacetimedb";
     tag = "v${finalAttrs.version}";
-    hash = "sha256-JuZ9odvMTIOIG4G0M4IBS9I9mWV+dk6qltIgn2a/W9I=";
+    hash = "sha256-QmzuXuFru/yt/32PXVydmLWpH9JnYD+sInorz9AqIMI=";
   };
 
-  cargoHash = "sha256-yAXcTNBITuBm7NPCTiS/RDaxMYgH6mq+ud3VsOELEqE=";
+  cargoHash = "sha256-mUmFkMpJq25lao2B7Ggigx6vd3hg534XTpPJw48Jw5s=";
 
   nativeBuildInputs = [
     pkg-config