diff --git a/.devcontainer/Dockerfile b/.devcontainer/Dockerfile
index 2a596551a4..db6c5b64c6 100644
--- a/.devcontainer/Dockerfile
+++ b/.devcontainer/Dockerfile
@@ -3,7 +3,7 @@
 # Licensed under the MIT License. See https://go.microsoft.com/fwlink/?linkid=2090316 for license information.
 #-------------------------------------------------------------------------------------------------------------
 
-FROM mcr.microsoft.com/dotnet/nightly/sdk:5.0.100-rc.1
+FROM mcr.microsoft.com/dotnet/nightly/sdk:5.0.100-rc.2
 
 # Avoid warnings by switching to noninteractive
 ENV DEBIAN_FRONTEND=noninteractive
diff --git a/DotnetRuntimeMetadata.json b/DotnetRuntimeMetadata.json
index d6c02300df..562987a835 100644
--- a/DotnetRuntimeMetadata.json
+++ b/DotnetRuntimeMetadata.json
@@ -1,8 +1,8 @@
 {
   "sdk": {
-    "channel": "release/5.0.1xx-rc1",
-    "packageVersionPattern": "5.0.0-rc.1",
-    "sdkImageVersion": "5.0.100-rc.1",
-    "nextChannel": "net5/rc1"
+    "channel": "release/5.0.1xx-rc2",
+    "packageVersionPattern": "5.0.0-rc.2",
+    "sdkImageVersion": "5.0.100-rc.2",
+    "nextChannel": "net5/rc2"
   }
 }
diff --git a/assets/files.wxs b/assets/files.wxs
index 5a41fda7d2..0e88acb1d7 100644
--- a/assets/files.wxs
+++ b/assets/files.wxs
@@ -1623,12 +1623,6 @@
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-        </Component>
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@@ -1990,9 +1984,6 @@
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@@ -2055,9 +2046,6 @@
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@@ -2084,9 +2072,6 @@
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@@ -2146,9 +2131,6 @@
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@@ -2241,9 +2223,6 @@
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@@ -2288,9 +2267,6 @@
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@@ -2368,9 +2344,6 @@
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@@ -2397,9 +2370,6 @@
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@@ -2486,9 +2456,6 @@
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@@ -2554,9 +2521,6 @@
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@@ -2619,9 +2583,6 @@
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@@ -2654,9 +2615,6 @@
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@@ -2743,9 +2701,6 @@
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@@ -3099,14 +3054,11 @@
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@@ -3744,7 +3696,6 @@
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@@ -3765,7 +3716,6 @@
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@@ -3774,7 +3724,6 @@
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@@ -3794,7 +3743,6 @@
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@@ -3825,7 +3773,6 @@
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@@ -3840,7 +3787,6 @@
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@@ -3875,7 +3820,6 @@
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       <ComponentRef Id="cmpC0FFB3F4FB30438082D2DC0F4E4BF12D" />
-      <ComponentRef Id="cmp9407AB75A97A459C8EC1EE3BDB63740C" />
-      <ComponentRef Id="cmp54F79ECE6EC8435E976CD10403092841" />
-      <ComponentRef Id="cmpF76ECC3925E043EB98C4578A3346B684" />
-      <ComponentRef Id="cmpA3CF1D943BA741049C9F72CF4446E741" />
-      <ComponentRef Id="cmp57C0FF2ADCED4FF79BA2F72269483746" />
+      <ComponentRef Id="cmp1EBDE676D79B4B0DB859B3F601D78513" />
+      <ComponentRef Id="cmp87CB3D2B4C824957B53B919BA27C49CA" />
     </ComponentGroup>
   </Fragment>
 </Wix>
diff --git a/global.json b/global.json
index 1780ad8789..6ba5ef7c3c 100644
--- a/global.json
+++ b/global.json
@@ -1,5 +1,5 @@
 {
   "sdk": {
-    "version": "5.0.100-rc.1.20452.10"
+    "version": "5.0.100-rc.2.20479.15"
   }
 }
diff --git a/src/Microsoft.PowerShell.Commands.Management/Microsoft.PowerShell.Commands.Management.csproj b/src/Microsoft.PowerShell.Commands.Management/Microsoft.PowerShell.Commands.Management.csproj
index 88727c9d96..3b2d17ac71 100644
--- a/src/Microsoft.PowerShell.Commands.Management/Microsoft.PowerShell.Commands.Management.csproj
+++ b/src/Microsoft.PowerShell.Commands.Management/Microsoft.PowerShell.Commands.Management.csproj
@@ -47,7 +47,7 @@
 
   <ItemGroup>
     <!-- the following package(s) are from https://github.com/dotnet/corefx -->
-    <PackageReference Include="System.ServiceProcess.ServiceController" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.ServiceProcess.ServiceController" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 
 </Project>
diff --git a/src/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj b/src/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj
index 75784f6229..e7af9d058d 100644
--- a/src/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj
+++ b/src/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj
@@ -32,8 +32,8 @@
 
   <ItemGroup>
     <PackageReference Include="Microsoft.CodeAnalysis.CSharp" Version="3.7.0" />
-    <PackageReference Include="System.Threading.AccessControl" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Drawing.Common" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.Threading.AccessControl" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Drawing.Common" Version="5.0.0-rc.2.20475.5" />
     <PackageReference Include="NJsonSchema" Version="10.2.2" />
   </ItemGroup>
 
diff --git a/src/Microsoft.PowerShell.CoreCLR.Eventing/Microsoft.PowerShell.CoreCLR.Eventing.csproj b/src/Microsoft.PowerShell.CoreCLR.Eventing/Microsoft.PowerShell.CoreCLR.Eventing.csproj
index 8b3cf14f58..45c89f20c8 100644
--- a/src/Microsoft.PowerShell.CoreCLR.Eventing/Microsoft.PowerShell.CoreCLR.Eventing.csproj
+++ b/src/Microsoft.PowerShell.CoreCLR.Eventing/Microsoft.PowerShell.CoreCLR.Eventing.csproj
@@ -8,7 +8,7 @@
 
   <ItemGroup>
     <!-- the following package(s) are from https://github.com/dotnet/corefx -->
-    <PackageReference Include="System.Diagnostics.EventLog" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.Diagnostics.EventLog" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 
 </Project>
diff --git a/src/Microsoft.PowerShell.SDK/Microsoft.PowerShell.SDK.csproj b/src/Microsoft.PowerShell.SDK/Microsoft.PowerShell.SDK.csproj
index 72119525b6..79202cc9ac 100644
--- a/src/Microsoft.PowerShell.SDK/Microsoft.PowerShell.SDK.csproj
+++ b/src/Microsoft.PowerShell.SDK/Microsoft.PowerShell.SDK.csproj
@@ -18,9 +18,9 @@
     <!-- the following package(s) are from https://github.com/dotnet/fxdac -->
     <PackageReference Include="System.Data.SqlClient" Version="4.8.1" />
     <!-- the following package(s) are from https://github.com/dotnet/corefx -->
-    <PackageReference Include="System.IO.Packaging" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Net.Http.WinHttpHandler" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Text.Encodings.Web" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.IO.Packaging" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Net.Http.WinHttpHandler" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Text.Encodings.Web" Version="5.0.0-rc.2.20475.5" />
     <!-- the following package(s) are from https://github.com/dotnet/wcf -->
     <PackageReference Include="System.ServiceModel.Duplex" Version="4.7.0" />
     <PackageReference Include="System.ServiceModel.Http" Version="4.7.0" />
@@ -30,7 +30,7 @@
     <PackageReference Include="System.Private.ServiceModel" Version="4.7.0" />
     <!-- the source could not be found for the following package(s) -->
     <PackageReference Include="Microsoft.NETCore.Windows.ApiSets" Version="1.0.1" />
-    <PackageReference Include="Microsoft.Windows.Compatibility" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="Microsoft.Windows.Compatibility" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 
 </Project>
diff --git a/src/Microsoft.WSMan.Management/Microsoft.WSMan.Management.csproj b/src/Microsoft.WSMan.Management/Microsoft.WSMan.Management.csproj
index 96fd6a0a7e..852dddbc1e 100644
--- a/src/Microsoft.WSMan.Management/Microsoft.WSMan.Management.csproj
+++ b/src/Microsoft.WSMan.Management/Microsoft.WSMan.Management.csproj
@@ -10,7 +10,7 @@
     <ProjectReference Include="..\System.Management.Automation\System.Management.Automation.csproj" />
     <ProjectReference Include="..\Microsoft.WSMan.Runtime\Microsoft.WSMan.Runtime.csproj" />
     <!-- the following package(s) are from https://github.com/dotnet/corefx -->
-    <PackageReference Include="System.ServiceProcess.ServiceController" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.ServiceProcess.ServiceController" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 
   <PropertyGroup>
diff --git a/src/System.Management.Automation/System.Management.Automation.csproj b/src/System.Management.Automation/System.Management.Automation.csproj
index 767d2877a9..a4b7d3620e 100644
--- a/src/System.Management.Automation/System.Management.Automation.csproj
+++ b/src/System.Management.Automation/System.Management.Automation.csproj
@@ -16,16 +16,16 @@
     <!-- the Application Insights package -->
     <PackageReference Include="Microsoft.ApplicationInsights" Version="2.15.0" />
     <!-- the following package(s) are from https://github.com/dotnet/corefx -->
-    <PackageReference Include="Microsoft.Win32.Registry.AccessControl" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Configuration.ConfigurationManager" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.DirectoryServices" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.IO.FileSystem.AccessControl" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Management" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Runtime.CompilerServices.Unsafe" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Security.AccessControl" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Security.Cryptography.Pkcs" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Security.Permissions" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Text.Encoding.CodePages" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="Microsoft.Win32.Registry.AccessControl" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Configuration.ConfigurationManager" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.DirectoryServices" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.IO.FileSystem.AccessControl" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Management" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Runtime.CompilerServices.Unsafe" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Security.AccessControl" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Security.Cryptography.Pkcs" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Security.Permissions" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Text.Encoding.CodePages" Version="5.0.0-rc.2.20475.5" />
     <!-- the following package(s) are from the powershell org -->
     <PackageReference Include="Microsoft.Management.Infrastructure" Version="2.0.0" />
     <PackageReference Include="Microsoft.PowerShell.Native" Version="7.0.0" />
diff --git a/test/tools/TestService/TestService.csproj b/test/tools/TestService/TestService.csproj
index 9e5f96b310..e482ebb88c 100644
--- a/test/tools/TestService/TestService.csproj
+++ b/test/tools/TestService/TestService.csproj
@@ -13,7 +13,7 @@
   </PropertyGroup>
 
   <ItemGroup>
-    <PackageReference Include="Microsoft.Windows.Compatibility" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="Microsoft.Windows.Compatibility" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 
 </Project>
diff --git a/test/tools/WebListener/WebListener.csproj b/test/tools/WebListener/WebListener.csproj
index 45ce62fa73..5f38ac883c 100644
--- a/test/tools/WebListener/WebListener.csproj
+++ b/test/tools/WebListener/WebListener.csproj
@@ -7,8 +7,8 @@
   </PropertyGroup>
 
   <ItemGroup>
-    <PackageReference Include="Microsoft.AspNetCore.Mvc.NewtonsoftJson" Version="5.0.0-rc.1.20451.17" />
-    <PackageReference Include="System.Text.Encoding.CodePages" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="Microsoft.AspNetCore.Mvc.NewtonsoftJson" Version="5.0.0-rc.2.20475.17" />
+    <PackageReference Include="System.Text.Encoding.CodePages" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 
   <ItemGroup>
diff --git a/tools/packaging/projects/reference/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj b/tools/packaging/projects/reference/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj
index 0dc3e0f672..d84de42a3e 100644
--- a/tools/packaging/projects/reference/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj
+++ b/tools/packaging/projects/reference/Microsoft.PowerShell.Commands.Utility/Microsoft.PowerShell.Commands.Utility.csproj
@@ -14,6 +14,6 @@
   </ItemGroup>
   <ItemGroup>
     <PackageReference Include="Newtonsoft.Json" Version="12.0.3" />
-    <PackageReference Include="System.Security.AccessControl" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.Security.AccessControl" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 </Project>
diff --git a/tools/packaging/projects/reference/System.Management.Automation/System.Management.Automation.csproj b/tools/packaging/projects/reference/System.Management.Automation/System.Management.Automation.csproj
index 3651a22939..fe6a4be725 100644
--- a/tools/packaging/projects/reference/System.Management.Automation/System.Management.Automation.csproj
+++ b/tools/packaging/projects/reference/System.Management.Automation/System.Management.Automation.csproj
@@ -9,7 +9,7 @@
   </PropertyGroup>
   <ItemGroup>
     <PackageReference Include="Microsoft.Management.Infrastructure" Version="2.0.0" />
-    <PackageReference Include="System.Security.AccessControl" Version="5.0.0-rc.1.20451.14" />
-    <PackageReference Include="System.Security.Principal.Windows" Version="5.0.0-rc.1.20451.14" />
+    <PackageReference Include="System.Security.AccessControl" Version="5.0.0-rc.2.20475.5" />
+    <PackageReference Include="System.Security.Principal.Windows" Version="5.0.0-rc.2.20475.5" />
   </ItemGroup>
 </Project>