diff --git a/lang/rust-nightly/Makefile b/lang/rust-nightly/Makefile
index e8c2f804ee67..e4868a49f7b1 100644
--- a/lang/rust-nightly/Makefile
+++ b/lang/rust-nightly/Makefile
@@ -1,23 +1,23 @@
 # Created by: Jean-Sébastien Pédron <dumbbell@FreeBSD.org>
 
 # Run update.sh to update to the latest nightly
-PORTVERSION=	1.53.0.${NIGHTLY_DATE:C,-,,g}
+PORTVERSION=	1.54.0.${NIGHTLY_DATE:C,-,,g}
 # Always set PORTREVISION explicitly as otherwise it is inherited from lang/rust
 PORTREVISION=	0
 PKGNAMESUFFIX=	-nightly
 DISTNAME=	rustc-nightly-src
 
 ONLY_FOR_ARCHS=	amd64
 ONLY_FOR_ARCHS_REASON=	upstream does not provide bootstraps for other architectures
 
 CONFLICTS_INSTALL=	rust
 
 MASTERDIR=	${.CURDIR}/../rust
 PATCHDIR=	${.CURDIR}/files
 DISTINFO_FILE=	${.CURDIR}/distinfo
 
-NIGHTLY_DATE=		2021-04-27
+NIGHTLY_DATE=		2021-05-03
 BOOTSTRAPS_DATE=	2021-04-07
 RUST_BOOTSTRAP_VERSION=	beta
 
 .include "${MASTERDIR}/Makefile"
diff --git a/lang/rust-nightly/distinfo b/lang/rust-nightly/distinfo
index 454aa51ee6e2..159f2978a9b8 100644
--- a/lang/rust-nightly/distinfo
+++ b/lang/rust-nightly/distinfo
@@ -1,9 +1,9 @@
-TIMESTAMP = 1619498432
-SHA256 (rust/2021-04-27/rustc-nightly-src.tar.xz) = 7356f3a1959dcd6d199ef18be3f1b3d5a5dfce8b9d0ede95518cdc5810604ab5
-SIZE (rust/2021-04-27/rustc-nightly-src.tar.xz) = 115855048
+TIMESTAMP = 1620052385
+SHA256 (rust/2021-05-03/rustc-nightly-src.tar.xz) = 0988f4aed8ead0a01a15ec1a676198505b0d7805ca7cc30f5d5468cb18659ca5
+SIZE (rust/2021-05-03/rustc-nightly-src.tar.xz) = 115769252
 SHA256 (rust/2021-04-07/rustc-beta-x86_64-unknown-freebsd.tar.xz) = 25bb0c202ba2da32242309b6770cb852bd529da1618274f44e8a6811798ff4b6
 SIZE (rust/2021-04-07/rustc-beta-x86_64-unknown-freebsd.tar.xz) = 81028224
 SHA256 (rust/2021-04-07/rust-std-beta-x86_64-unknown-freebsd.tar.xz) = 155306cd12408adbd8229fcd55705cf70f84d246069b3144847526036ab5b91c
 SIZE (rust/2021-04-07/rust-std-beta-x86_64-unknown-freebsd.tar.xz) = 24564736
 SHA256 (rust/2021-04-07/cargo-beta-x86_64-unknown-freebsd.tar.xz) = a9a7056d8e6aa8a269b892469d4cae3141134184691ab41bab567a56761f213b
 SIZE (rust/2021-04-07/cargo-beta-x86_64-unknown-freebsd.tar.xz) = 6221320