diff --git a/common/changes/@rushstack/module-minifier/main_2026-03-06-03-25.json b/common/changes/@rushstack/module-minifier/main_2026-03-06-03-25.json
new file mode 100644
index 0000000000..d2cef60d62
--- /dev/null
+++ b/common/changes/@rushstack/module-minifier/main_2026-03-06-03-25.json
@@ -0,0 +1,10 @@
+{
+  "changes": [
+    {
+      "packageName": "@rushstack/module-minifier",
+      "comment": "Bump serialize-javascript",
+      "type": "patch"
+    }
+  ],
+  "packageName": "@rushstack/module-minifier"
+}
\ No newline at end of file
diff --git a/common/config/subspaces/default/pnpm-lock.yaml b/common/config/subspaces/default/pnpm-lock.yaml
index e7c5e552d8..64e98337b5 100644
--- a/common/config/subspaces/default/pnpm-lock.yaml
+++ b/common/config/subspaces/default/pnpm-lock.yaml
@@ -781,7 +781,7 @@ importers:
         version: 6.4.22(@types/react@17.0.74)(react-dom@17.0.2(react@17.0.2))(react@17.0.2)
       '@storybook/cli':
         specifier: ~6.4.18
-        version: 6.4.22(eslint@9.37.0)(jest@29.3.1(@types/node@20.17.19)(babel-plugin-macros@3.1.0))(react-dom@17.0.2(react@17.0.2))(react@17.0.2)(typescript@5.8.2)
+        version: 6.4.22(eslint@9.37.0)(jest@29.3.1(@types/node@20.17.19))(react-dom@17.0.2(react@17.0.2))(react@17.0.2)(typescript@5.8.2)
       '@storybook/components':
         specifier: ~6.4.18
         version: 6.4.22(@types/react@17.0.74)(react-dom@17.0.2(react@17.0.2))(react@17.0.2)
@@ -817,7 +817,7 @@ importers:
         version: 5.2.7(webpack@4.47.0)
       jest:
         specifier: ~29.3.1
-        version: 29.3.1(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+        version: 29.3.1(@types/node@20.17.19)
       react:
         specifier: ~17.0.2
         version: 17.0.2
@@ -1003,7 +1003,7 @@ importers:
         version: 5.2.7(webpack@5.105.2)
       jest:
         specifier: ~29.3.1
-        version: 29.3.1(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+        version: 29.3.1(@types/node@20.17.19)
       react:
         specifier: ~19.2.3
         version: 19.2.4
@@ -3829,8 +3829,8 @@ importers:
         specifier: workspace:*
         version: link:../worker-pool
       serialize-javascript:
-        specifier: 6.0.2
-        version: 6.0.2
+        specifier: 7.0.3
+        version: 7.0.3
       source-map:
         specifier: ~0.7.3
         version: 0.7.6
@@ -3845,8 +3845,8 @@ importers:
         specifier: 20.17.19
         version: 20.17.19
       '@types/serialize-javascript':
-        specifier: 5.0.2
-        version: 5.0.2
+        specifier: 5.0.4
+        version: 5.0.4
       eslint:
         specifier: ~9.37.0
         version: 9.37.0
@@ -10222,8 +10222,8 @@ packages:
   '@types/send@1.2.1':
     resolution: {integrity: sha512-arsCikDvlU99zl1g69TcAB3mzZPpxgw0UQnaHeC1Nwb015xp8bknZv5rIfri9xTOcMuaVgvabfIRA7PSZVuZIQ==}
 
-  '@types/serialize-javascript@5.0.2':
-    resolution: {integrity: sha512-BRLlwZzRoZukGaBtcUxkLsZsQfWZpvog6MZk3PWQO9Q6pXmXFzjU5iGzZ+943evp6tkkbN98N1Z31KT0UG1yRw==}
+  '@types/serialize-javascript@5.0.4':
+    resolution: {integrity: sha512-Z2R7UKFuNWCP8eoa2o9e5rkD3hmWxx/1L0CYz0k2BZzGh0PhEVMp9kfGiqEml/0IglwNERXZ2hwNzIrSz/KHTA==}
 
   '@types/serve-index@1.9.4':
     resolution: {integrity: sha512-qLpGZ/c2fhSs5gnYsQxtDEq3Oy8SXPClIXkW5ghvAvsNuVSA8k+gCONcUCS/UjLEYvYps+e8uBtfgXgvhwfNug==}
@@ -17136,6 +17136,10 @@ packages:
   serialize-javascript@6.0.2:
     resolution: {integrity: sha512-Saa1xPByTTq2gdeFZYLLo+RFE35NHZkAbqZeWNd3BpzppeVisAqpDjcp8dyf6uIvEqJRd46jemmyA4iFIeVk8g==}
 
+  serialize-javascript@7.0.3:
+    resolution: {integrity: sha512-h+cZ/XXarqDgCjo+YSyQU/ulDEESGGf8AMK9pPNmhNSl/FzPl6L8pMp1leca5z6NuG6tvV/auC8/43tmovowww==}
+    engines: {node: '>=20.0.0'}
+
   serve-favicon@2.5.1:
     resolution: {integrity: sha512-JndLBslCLA/ebr7rS3d+/EKkzTsTi1jI2T9l+vHfAaGJ7A7NhtDpSZ0lx81HCNWnnE0yHncG+SSnVf9IMxOwXQ==}
     engines: {node: '>= 0.8.0'}
@@ -22426,7 +22430,7 @@ snapshots:
       - supports-color
       - ts-node
 
-  '@jest/core@29.7.0(babel-plugin-macros@3.1.0)':
+  '@jest/core@29.7.0':
     dependencies:
       '@jest/console': 29.7.0
       '@jest/reporters': 29.7.0
@@ -22440,7 +22444,7 @@ snapshots:
       exit: 0.1.2
       graceful-fs: 4.2.11
       jest-changed-files: 29.7.0
-      jest-config: 29.7.0(@types/node@22.9.3)(babel-plugin-macros@3.1.0)
+      jest-config: 29.7.0(@types/node@22.9.3)
       jest-haste-map: 29.7.0
       jest-message-util: 29.7.0
       jest-regex-util: 29.6.3
@@ -25153,7 +25157,7 @@ snapshots:
       ts-dedent: 2.2.0
       util-deprecate: 1.0.2
 
-  '@storybook/cli@6.4.22(eslint@9.37.0)(jest@29.3.1(@types/node@20.17.19)(babel-plugin-macros@3.1.0))(react-dom@17.0.2(react@17.0.2))(react@17.0.2)(typescript@5.8.2)':
+  '@storybook/cli@6.4.22(eslint@9.37.0)(jest@29.3.1(@types/node@20.17.19))(react-dom@17.0.2(react@17.0.2))(react@17.0.2)(typescript@5.8.2)':
     dependencies:
       '@babel/core': 7.20.12
       '@babel/preset-env': 7.28.6(@babel/core@7.20.12)
@@ -25173,7 +25177,7 @@ snapshots:
       fs-extra: 9.1.0
       get-port: 5.1.1
       globby: 11.1.0
-      jest: 29.3.1(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+      jest: 29.3.1(@types/node@20.17.19)
       jscodeshift: 0.13.1(@babel/preset-env@7.28.6(@babel/core@7.20.12))
       json5: 2.2.3
       leven: 3.1.0
@@ -26336,7 +26340,7 @@ snapshots:
     dependencies:
       '@types/node': 22.9.3
 
-  '@types/serialize-javascript@5.0.2': {}
+  '@types/serialize-javascript@5.0.4': {}
 
   '@types/serve-index@1.9.4':
     dependencies:
@@ -28766,13 +28770,13 @@ snapshots:
       safe-buffer: 5.2.1
       sha.js: 2.4.12
 
-  create-jest@29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0):
+  create-jest@29.7.0(@types/node@20.17.19):
     dependencies:
       '@jest/types': 29.6.3
       chalk: 4.1.2
       exit: 0.1.2
       graceful-fs: 4.2.11
-      jest-config: 29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+      jest-config: 29.7.0(@types/node@20.17.19)
       jest-util: 29.7.0
       prompts: 2.4.2
     transitivePeerDependencies:
@@ -32144,16 +32148,16 @@ snapshots:
       - babel-plugin-macros
       - supports-color
 
-  jest-cli@29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0):
+  jest-cli@29.7.0(@types/node@20.17.19):
     dependencies:
-      '@jest/core': 29.7.0(babel-plugin-macros@3.1.0)
+      '@jest/core': 29.7.0
       '@jest/test-result': 29.7.0(@types/node@20.17.19)
       '@jest/types': 29.6.3
       chalk: 4.1.2
-      create-jest: 29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+      create-jest: 29.7.0(@types/node@20.17.19)
       exit: 0.1.2
       import-local: 3.2.0
-      jest-config: 29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+      jest-config: 29.7.0(@types/node@20.17.19)
       jest-util: 29.7.0
       jest-validate: 29.7.0
       yargs: 17.7.2
@@ -32223,7 +32227,7 @@ snapshots:
       - babel-plugin-macros
       - supports-color
 
-  jest-config@29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0):
+  jest-config@29.7.0(@types/node@20.17.19):
     dependencies:
       '@babel/core': 7.20.12
       '@jest/test-sequencer': 29.7.0(@types/node@20.17.19)
@@ -32253,7 +32257,7 @@ snapshots:
       - babel-plugin-macros
       - supports-color
 
-  jest-config@29.7.0(@types/node@22.9.3)(babel-plugin-macros@3.1.0):
+  jest-config@29.7.0(@types/node@22.9.3):
     dependencies:
       '@babel/core': 7.20.12
       '@jest/test-sequencer': 29.7.0(@types/node@22.9.3)
@@ -32641,12 +32645,12 @@ snapshots:
       merge-stream: 2.0.0
       supports-color: 8.1.1
 
-  jest@29.3.1(@types/node@20.17.19)(babel-plugin-macros@3.1.0):
+  jest@29.3.1(@types/node@20.17.19):
     dependencies:
       '@jest/core': 29.5.0(babel-plugin-macros@3.1.0)
       '@jest/types': 29.5.0
       import-local: 3.2.0
-      jest-cli: 29.7.0(@types/node@20.17.19)(babel-plugin-macros@3.1.0)
+      jest-cli: 29.7.0(@types/node@20.17.19)
     transitivePeerDependencies:
       - '@types/node'
       - babel-plugin-macros
@@ -35503,6 +35507,8 @@ snapshots:
     dependencies:
       randombytes: 2.1.0
 
+  serialize-javascript@7.0.3: {}
+
   serve-favicon@2.5.1:
     dependencies:
       etag: 1.8.1
diff --git a/common/config/subspaces/default/repo-state.json b/common/config/subspaces/default/repo-state.json
index c65102a393..cd26f9551a 100644
--- a/common/config/subspaces/default/repo-state.json
+++ b/common/config/subspaces/default/repo-state.json
@@ -1,5 +1,5 @@
 // DO NOT MODIFY THIS FILE MANUALLY BUT DO COMMIT IT. It is generated and used by Rush.
 {
-  "pnpmShrinkwrapHash": "332ad6b0bd71bdfb6f4ae69270e34275b8dc2f1e",
+  "pnpmShrinkwrapHash": "b6d87c3894aa1eec27daf62ff097bd1a73f59383",
   "preferredVersionsHash": "93bf435032db8da4a18734f1eaa359c12ad147c1"
 }
diff --git a/libraries/module-minifier/package.json b/libraries/module-minifier/package.json
index e170149d86..3c8260f2a8 100644
--- a/libraries/module-minifier/package.json
+++ b/libraries/module-minifier/package.json
@@ -40,14 +40,14 @@
   },
   "dependencies": {
     "@rushstack/worker-pool": "workspace:*",
-    "serialize-javascript": "6.0.2",
+    "serialize-javascript": "7.0.3",
     "source-map": "~0.7.3",
     "terser": "^5.9.0"
   },
   "devDependencies": {
     "@rushstack/heft": "workspace:*",
     "@types/node": "20.17.19",
-    "@types/serialize-javascript": "5.0.2",
+    "@types/serialize-javascript": "5.0.4",
     "eslint": "~9.37.0",
     "local-node-rig": "workspace:*"
   },