diff --git a/packages/gatsby/package.json b/packages/gatsby/package.json
index eb607f9f3328b..59ff6cc1221e1 100644
--- a/packages/gatsby/package.json
+++ b/packages/gatsby/package.json
@@ -30,7 +30,7 @@
     "axios": "^0.20.0",
     "babel-core": "7.0.0-bridge.0",
     "babel-eslint": "^10.1.0",
-    "babel-loader": "^8.1.0",
+    "babel-loader": "^9.0.0",
     "babel-plugin-add-module-exports": "^0.3.3",
     "babel-plugin-dynamic-import-node": "^2.3.3",
     "babel-plugin-lodash": "3.3.4",
@@ -73,10 +73,10 @@
     "express-graphql": "^0.9.0",
     "fastest-levenshtein": "^1.0.12",
     "file-loader": "^1.1.11",
-    "find-cache-dir": "^3.3.1",
+    "find-cache-dir": "^4.0.0",
     "fs-exists-cached": "1.0.0",
     "fs-extra": "^8.1.0",
-    "gatsby-cli": "^2.12.111",
+    "gatsby-cli": "^5.0.0",
     "gatsby-core-utils": "^1.3.23",
     "gatsby-graphiql-explorer": "^0.4.15",
     "gatsby-legacy-polyfills": "^0.0.5",
@@ -141,7 +141,7 @@
     "stack-trace": "^0.0.10",
     "string-similarity": "^1.2.2",
     "style-loader": "^0.23.1",
-    "terser-webpack-plugin": "^2.3.8",
+    "terser-webpack-plugin": "^5.0.0",
     "tmp": "^0.2.1",
     "true-case-path": "^2.2.1",
     "type-of": "^2.0.1",
@@ -149,7 +149,7 @@
     "util.promisify": "^1.0.1",
     "uuid": "3.4.0",
     "v8-compile-cache": "^1.1.2",
-    "webpack": "^4.44.1",
+    "webpack": "^5.1.1",
     "webpack-dev-middleware": "^3.7.2",
     "webpack-dev-server": "^3.11.0",
     "webpack-hot-middleware": "^2.25.0",