diff --git a/src/python/pants/backend/python/util_rules/pex_cli.py b/src/python/pants/backend/python/util_rules/pex_cli.py
index b2e446ab4d9..7ed8c3a23b5 100644
--- a/src/python/pants/backend/python/util_rules/pex_cli.py
+++ b/src/python/pants/backend/python/util_rules/pex_cli.py
@@ -37,7 +37,7 @@ class PexCli(TemplatedExternalTool):
 
     default_version = "v2.1.131"
     default_url_template = "https://github.com/pantsbuild/pex/releases/download/{version}/pex"
-    version_constraints = ">=2.1.124,<3.0"
+    version_constraints = ">=2.1.129,<3.0"
 
     @classproperty
     def default_known_versions(cls):