The first season of Billionaires’ Bunker left viewers on a massive cliffhanger, with protagonist Max finally escaping the luxurious underground prison and stepping into the sunlight. Created by Álex Pina and Esther Martínez Lobato, the minds behind Money Heist, the Spanish thriller has generated significant buzz since its release on September 19, 2025. Fans are now eagerly waiting to see if the story will continue.
As of now, Netflix has not announced a renewal for Billionaires’ Bunker Season 2. The future of the show depends on its performance in the Netflix Global Top 10 charts and its ability to attract a large international audience. The creators have ideas for where the story could go next, but the final decision rests with the streaming giant.
What is Billionaires’ Bunker About?
The series is set during a global crisis, with the threat of World War III looming. A group of billionaires seeks refuge in the Kimera Underground Park, a luxury bunker designed to protect the world’s wealthiest families from the apocalypse. The story focuses on Max, played by Pau Simon, who is sprung from prison by his father to enter the bunker.
Once inside, Max finds himself trapped with his family and other elites, including the family of his deceased girlfriend. They are under the control of Minerva, the mysterious woman who runs the bunker. The inhabitants have every luxury but cannot escape the personal conflicts, betrayals, and dark secrets that surface as they watch the world above them collapse.
The Season 1 Cliffhanger Ending
The finale of season one, titled “2 Minutes Without Roxán,” sets the stage for a potential second season. Max and Asia manage to shut down Roxán, the advanced AI that controls the bunker’s systems. Max then executes a dangerous escape plan, using a makeshift bomb to blast his way out.
He successfully reaches the surface, wearing a hazmat suit, and finds himself in an undisclosed location in Spain, blinded by the sunlight. Before leaving, he promises Asia that if there is life outside, he will return for her. Meanwhile, Minerva’s crew successfully cons billionaire Guillermo Falcon out of a massive fortune, but their actions lead to the death of his financial advisor, Oswaldo.
This ending leaves several major questions unanswered, making a strong case for a continuation.
Has Netflix Renewed the Show?
As of late September 2025, Netflix has not renewed Billionaires’ Bunker for a second season. The show has not been officially canceled either, leaving it in a state of uncertainty. Netflix typically takes a few months to evaluate a show’s performance before making a renewal decision.
The renewal will likely depend on key factors like how many people started watching the series, how many completed the entire season, and whether it managed to stay in the Netflix Global Top 10 list after its release. The show has shown some promising signs, having climbed into the top 12 most popular TV shows on IMDb shortly after its release.
What the Creators Have Said
While Netflix remains silent, the creators have hinted that they have thought about the story’s future. In an interview, Álex Pina confirmed that the team has ideas for what happens immediately after the season one finale.
“We have thought about how to start things back again, since we had to do it in order to write the season finale. So what happens immediately afterwards is laid out, as well as ideas on how to get even more mean and hardcore,” Pina stated.
However, Pina also clarified that a full story arc for a second season has not been mapped out yet, indicating that any plans are in the very early stages.
What Could Season 2 Be About?
If the show is renewed, season two would likely pick up right where the first season ended. The main storyline would follow Max as he discovers that the nuclear apocalypse was a hoax and the entire bunker setup is an elaborate scam. He would then face a moral dilemma: should he enjoy his freedom or risk everything to return and save Asia and the others?
Inside the bunker, the story would explore the aftermath of Max’s escape and Mimi’s critical health condition. Asia’s freedom could be in jeopardy, and Minerva’s control over the billionaires might tighten. The death of Oswaldo could also attract the attention of authorities outside, leading to an investigation that threatens to expose the entire Kimera operation.
When Could Season 2 Be Released?
If Netflix gives a green light in late 2025 or early 2026, production on a new season would likely take 12 to 18 months. This means the earliest fans could expect to see Billionaires’ Bunker Season 2 would be late 2026 or even 2027. A second season would probably consist of another eight episodes, similar to the first season.
