diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 8ec28a59e..488894994 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -244,6 +244,16 @@ Run `docker-compose build ci` to build the CI container. Run `docker-compose run
 
 Run `docker-compose build tests` to build the tests container. Run `docker-compose run tests` to start all RSpec tests.
 
+### Server-side-rendering performance benchmarking
+
+See a simple example of benchmarking different ExecJS runtimes (NodeJS, [MiniRacer](https://github.com/rubyjs/mini_racer), [Alaska](https://github.com/mavenlink/alaska)) in `spec/dummy/bin/benchmark`.
+
+After setting up the dummy app (`spec/dummy`), run:
+```bash
+cd spec/dummy
+bin/benchmark
+```
+
 # Advice for Project Maintainers and Contributors
 
 What do project maintainers do? What sort of work is involved? [sstephenson](https://github.com/sstephenson) wrote in the [turbolinks](https://github.com/turbolinks/turbolinks) repo:
diff --git a/Gemfile.development_dependencies b/Gemfile.development_dependencies
index d1cc00f04..d252a2f90 100644
--- a/Gemfile.development_dependencies
+++ b/Gemfile.development_dependencies
@@ -2,7 +2,7 @@
 
 gem "shakapacker", "6.5.1"
 gem "bootsnap", require: false
-gem "rails", "~> 7.0"
+gem "rails", "~> 7.0", ">= 7.0.1"
 gem "sqlite3"
 gem "sass-rails", "~> 6.0"
 gem "uglifier"
@@ -24,7 +24,7 @@ gem "amazing_print"
 
 group :development, :test do
   gem "listen"
-  gem "pry"
+  gem "pry", ">= 0.14.2"
   gem "pry-byebug"
   gem "pry-doc"
   gem "pry-rails"
@@ -34,6 +34,10 @@ group :development, :test do
   gem "rubocop-rspec", require: false
   gem "scss_lint", require: false
   gem "spring", "~> 4.0"
+
+  # Example ExecJS runtimes
+  gem "mini_racer", require: false
+  gem "alaska", require: false
 end
 
 group :test do
diff --git a/spec/dummy/Gemfile.lock b/spec/dummy/Gemfile.lock
index 89dada5f1..f3ab225e9 100644
--- a/spec/dummy/Gemfile.lock
+++ b/spec/dummy/Gemfile.lock
@@ -11,67 +11,75 @@ PATH
 GEM
   remote: https://rubygems.org/
   specs:
-    actioncable (7.0.0)
-      actionpack (= 7.0.0)
-      activesupport (= 7.0.0)
+    actioncable (7.0.6)
+      actionpack (= 7.0.6)
+      activesupport (= 7.0.6)
       nio4r (~> 2.0)
       websocket-driver (>= 0.6.1)
-    actionmailbox (7.0.0)
-      actionpack (= 7.0.0)
-      activejob (= 7.0.0)
-      activerecord (= 7.0.0)
-      activestorage (= 7.0.0)
-      activesupport (= 7.0.0)
+    actionmailbox (7.0.6)
+      actionpack (= 7.0.6)
+      activejob (= 7.0.6)
+      activerecord (= 7.0.6)
+      activestorage (= 7.0.6)
+      activesupport (= 7.0.6)
       mail (>= 2.7.1)
-    actionmailer (7.0.0)
-      actionpack (= 7.0.0)
-      actionview (= 7.0.0)
-      activejob (= 7.0.0)
-      activesupport (= 7.0.0)
+      net-imap
+      net-pop
+      net-smtp
+    actionmailer (7.0.6)
+      actionpack (= 7.0.6)
+      actionview (= 7.0.6)
+      activejob (= 7.0.6)
+      activesupport (= 7.0.6)
       mail (~> 2.5, >= 2.5.4)
+      net-imap
+      net-pop
+      net-smtp
       rails-dom-testing (~> 2.0)
-    actionpack (7.0.0)
-      actionview (= 7.0.0)
-      activesupport (= 7.0.0)
-      rack (~> 2.0, >= 2.2.0)
+    actionpack (7.0.6)
+      actionview (= 7.0.6)
+      activesupport (= 7.0.6)
+      rack (~> 2.0, >= 2.2.4)
       rack-test (>= 0.6.3)
       rails-dom-testing (~> 2.0)
       rails-html-sanitizer (~> 1.0, >= 1.2.0)
-    actiontext (7.0.0)
-      actionpack (= 7.0.0)
-      activerecord (= 7.0.0)
-      activestorage (= 7.0.0)
-      activesupport (= 7.0.0)
+    actiontext (7.0.6)
+      actionpack (= 7.0.6)
+      activerecord (= 7.0.6)
+      activestorage (= 7.0.6)
+      activesupport (= 7.0.6)
       globalid (>= 0.6.0)
       nokogiri (>= 1.8.5)
-    actionview (7.0.0)
-      activesupport (= 7.0.0)
+    actionview (7.0.6)
+      activesupport (= 7.0.6)
       builder (~> 3.1)
       erubi (~> 1.4)
       rails-dom-testing (~> 2.0)
       rails-html-sanitizer (~> 1.1, >= 1.2.0)
-    activejob (7.0.0)
-      activesupport (= 7.0.0)
+    activejob (7.0.6)
+      activesupport (= 7.0.6)
       globalid (>= 0.3.6)
-    activemodel (7.0.0)
-      activesupport (= 7.0.0)
-    activerecord (7.0.0)
-      activemodel (= 7.0.0)
-      activesupport (= 7.0.0)
-    activestorage (7.0.0)
-      actionpack (= 7.0.0)
-      activejob (= 7.0.0)
-      activerecord (= 7.0.0)
-      activesupport (= 7.0.0)
+    activemodel (7.0.6)
+      activesupport (= 7.0.6)
+    activerecord (7.0.6)
+      activemodel (= 7.0.6)
+      activesupport (= 7.0.6)
+    activestorage (7.0.6)
+      actionpack (= 7.0.6)
+      activejob (= 7.0.6)
+      activerecord (= 7.0.6)
+      activesupport (= 7.0.6)
       marcel (~> 1.0)
       mini_mime (>= 1.1.0)
-    activesupport (7.0.0)
+    activesupport (7.0.6)
       concurrent-ruby (~> 1.0, >= 1.0.2)
       i18n (>= 1.6, < 2)
       minitest (>= 5.1)
       tzinfo (~> 2.0)
     addressable (2.7.0)
       public_suffix (>= 2.0.2, < 5.0)
+    alaska (1.2.2)
+      execjs (~> 2.7)
     amazing_print (1.2.2)
     ast (2.4.2)
     bootsnap (1.7.2)
@@ -99,6 +107,7 @@ GEM
       thor (>= 0.19.4, < 2.0)
       tins (~> 1.6)
     crass (1.0.6)
+    date (3.3.3)
     diff-lcs (1.4.4)
     docile (1.3.5)
     equivalent-xml (0.6.0)
@@ -109,7 +118,7 @@ GEM
     generator_spec (0.9.4)
       activesupport (>= 3.0.0)
       railties (>= 3.0.0)
-    globalid (1.0.0)
+    globalid (1.1.0)
       activesupport (>= 5.0)
     i18n (1.8.11)
       concurrent-ruby (~> 1.0)
@@ -123,33 +132,46 @@ GEM
     json (2.5.1)
     launchy (2.5.0)
       addressable (~> 2.7)
+    libv8-node (18.16.0.0-arm64-darwin)
     listen (3.4.1)
       rb-fsevent (~> 0.10, >= 0.10.3)
       rb-inotify (~> 0.9, >= 0.9.10)
     loofah (2.13.0)
       crass (~> 1.0.2)
       nokogiri (>= 1.5.9)
-    mail (2.7.1)
+    mail (2.8.1)
       mini_mime (>= 0.1.1)
+      net-imap
+      net-pop
+      net-smtp
     marcel (1.0.2)
     method_source (1.0.0)
     mini_mime (1.1.2)
-    mini_portile2 (2.8.1)
+    mini_racer (0.8.0)
+      libv8-node (~> 18.16.0.0)
     minitest (5.15.0)
     msgpack (1.4.2)
+    net-imap (0.3.6)
+      date
+      net-protocol
+    net-pop (0.1.2)
+      net-protocol
+    net-protocol (0.2.1)
+      timeout
+    net-smtp (0.3.3)
+      net-protocol
     nio4r (2.5.8)
-    nokogiri (1.14.3)
-      mini_portile2 (~> 2.8.0)
+    nokogiri (1.14.3-arm64-darwin)
       racc (~> 1.4)
     parallel (1.20.1)
     parser (3.0.1.1)
       ast (~> 2.4.1)
-    pry (0.13.1)
+    pry (0.14.2)
       coderay (~> 1.1)
       method_source (~> 1.0)
-    pry-byebug (3.9.0)
+    pry-byebug (3.10.1)
       byebug (~> 11.0)
-      pry (~> 0.13.0)
+      pry (>= 0.13, < 0.15)
     pry-doc (1.1.0)
       pry (~> 0.11)
       yard (~> 0.9.11)
@@ -162,33 +184,33 @@ GEM
     puma (5.2.2)
       nio4r (~> 2.0)
     racc (1.6.2)
-    rack (2.2.3)
+    rack (2.2.7)
     rack-proxy (0.7.4)
       rack
     rack-test (1.1.0)
       rack (>= 1.0, < 3)
-    rails (7.0.0)
-      actioncable (= 7.0.0)
-      actionmailbox (= 7.0.0)
-      actionmailer (= 7.0.0)
-      actionpack (= 7.0.0)
-      actiontext (= 7.0.0)
-      actionview (= 7.0.0)
-      activejob (= 7.0.0)
-      activemodel (= 7.0.0)
-      activerecord (= 7.0.0)
-      activestorage (= 7.0.0)
-      activesupport (= 7.0.0)
+    rails (7.0.6)
+      actioncable (= 7.0.6)
+      actionmailbox (= 7.0.6)
+      actionmailer (= 7.0.6)
+      actionpack (= 7.0.6)
+      actiontext (= 7.0.6)
+      actionview (= 7.0.6)
+      activejob (= 7.0.6)
+      activemodel (= 7.0.6)
+      activerecord (= 7.0.6)
+      activestorage (= 7.0.6)
+      activesupport (= 7.0.6)
       bundler (>= 1.15.0)
-      railties (= 7.0.0)
+      railties (= 7.0.6)
     rails-dom-testing (2.0.3)
       activesupport (>= 4.2.0)
       nokogiri (>= 1.6)
     rails-html-sanitizer (1.4.2)
       loofah (~> 2.3)
-    railties (7.0.0)
-      actionpack (= 7.0.0)
-      activesupport (= 7.0.0)
+    railties (7.0.6)
+      actionpack (= 7.0.6)
+      activesupport (= 7.0.6)
       method_source
       rake (>= 12.2)
       thor (~> 1.0)
@@ -289,6 +311,7 @@ GEM
       tins (~> 1.0)
     thor (1.1.0)
     tilt (2.0.10)
+    timeout (0.4.0)
     tins (1.28.0)
       sync
     turbolinks (5.2.1)
@@ -313,9 +336,10 @@ GEM
     zeitwerk (2.5.2)
 
 PLATFORMS
-  ruby
+  arm64-darwin-22
 
 DEPENDENCIES
+  alaska
   amazing_print
   bootsnap
   bundler (= 2.4.9)
@@ -328,13 +352,14 @@ DEPENDENCIES
   jquery-rails
   launchy
   listen
-  pry
+  mini_racer
+  pry (>= 0.14.2)
   pry-byebug
   pry-doc
   pry-rails
   pry-rescue
   puma (~> 5.0)
-  rails (~> 7.0)
+  rails (~> 7.0, >= 7.0.1)
   react_on_rails!
   rspec-rails
   rspec-retry
diff --git a/spec/dummy/bin/benchmark b/spec/dummy/bin/benchmark
new file mode 100755
index 000000000..6ef4bfc15
--- /dev/null
+++ b/spec/dummy/bin/benchmark
@@ -0,0 +1,80 @@
+#!/usr/bin/env bash
+
+#
+# A simple example of how to benchmark the dummy app.
+#
+
+set -euo pipefail
+
+shutdown_server() {
+  if [ -f tmp/pids/server.pid ]; then
+    kill $(cat tmp/pids/server.pid)
+    rm -f tmp/pids/server.pid
+  fi
+}
+
+hit_backend() {
+  local pathname="$1"
+  curl "http://localhost:3000$pathname" \
+    --max-time 3 \
+    --silent \
+    --no-progress-meter \
+    --fail \
+    -w %{time_total} \
+    -o /dev/null
+}
+
+run_benchmarks() {
+  local runtime="$1"
+  local pathname="$2"
+
+  echo "Benchmarking with $runtime..."
+
+  # start dummy app server in background
+  MANUAL_EXECJS_RUNTIME="$runtime" \
+    RAILS_ENV=production \
+    bundle exec rails s -p 3000 &
+
+  sleep 3 # wait for server to start
+
+  echo "Warmup: $(hit_backend $pathname)"
+
+  durations=()
+  for i in {1..10}; do
+    dur=$(hit_backend $pathname)
+    durations+=("$dur")
+    echo "Request $i: ${dur}s"
+  done
+
+  echo "$runtime average: $(echo "${durations[*]}" | awk '{ total += $1 } END { print total/NR }')s"
+
+  shutdown_server
+}
+
+# If you modified `node_package` files, first follow the
+# instructions in CONTRIBUTING.md to setup `yalc`.
+
+# Build server-rendering assets:
+# yarn build:rescript # if needed
+rm -rf public/webpack
+RAILS_ENV=production NODE_ENV=production bin/webpacker
+
+# kill server on exit
+trap shutdown_server EXIT
+
+# kill any existing server
+shutdown_server
+
+# remove any existing logs
+rm -f log/*.log
+
+echo "Benchmarking server-side rendering..."
+
+# run_benchmarks Node /render_js # FIXME: Node runtime is broken with this setup, it stalls infinitely.
+run_benchmarks MiniRacer /render_js
+run_benchmarks Alaska /render_js
+
+# FIXME: all others SSR endpoints are broken with this setup
+#   e.g. Hitting /server_side_hello_world gives error: "ActionView::Template::Error (Shakapacker can't find generated/HelloWorld.js in manifest.json"
+
+echo "Benchmarking complete!"
diff --git a/spec/dummy/client/app/miniracerPolyfills.js b/spec/dummy/client/app/miniracerPolyfills.js
new file mode 100644
index 000000000..0f2f124f7
--- /dev/null
+++ b/spec/dummy/client/app/miniracerPolyfills.js
@@ -0,0 +1,18 @@
+//
+// polyfills for mini_racer v8 runtime (which has less features than node.js)
+//
+
+// `URL` constructor
+import 'core-js/actual/url';
+// `URLSearchParams` constructor
+import 'core-js/actual/url-search-params';
+
+// polyfill TextEncoder & TextDecoder onto `util` b/c `node-util` polyfill doesn't include them
+// https://github.com/browserify/node-util/issues/46
+import util from 'util';
+import 'fast-text-encoding';
+
+Object.assign(util, { TextDecoder, TextEncoder });
+
+// some packages (e.g. `react-dnd`) expect `global` to be available during SSR
+globalThis.global = globalThis;
diff --git a/spec/dummy/config/initializers/execjs.rb b/spec/dummy/config/initializers/execjs.rb
new file mode 100644
index 000000000..e7953c7f9
--- /dev/null
+++ b/spec/dummy/config/initializers/execjs.rb
@@ -0,0 +1,12 @@
+# frozen_string_literal: true
+
+case ENV["MANUAL_EXECJS_RUNTIME"]
+when "Node"
+  ExecJS.runtime = ExecJS::Runtimes::Node
+when "Alaska"
+  require "alaska/runtime"
+  ExecJS.runtime = Alaska::Runtime.new
+when "MiniRacer"
+  require "mini_racer"
+  ExecJS.runtime = ExecJS::Runtimes::MiniRacer
+end
diff --git a/spec/dummy/config/webpack/serverWebpackConfig.js b/spec/dummy/config/webpack/serverWebpackConfig.js
index b64a616a6..a09d06a69 100644
--- a/spec/dummy/config/webpack/serverWebpackConfig.js
+++ b/spec/dummy/config/webpack/serverWebpackConfig.js
@@ -1,4 +1,5 @@
 const { merge, config } = require('shakapacker');
+const path = require('path');
 const commonWebpackConfig = require('./commonWebpackConfig');
 
 const webpack = require('webpack');
@@ -8,6 +9,7 @@ const configureServer = () => {
   // toWebpackConfig() is a mutable GLOBAL. Thus any changes, like modifying the
   // entry value will result in changing the client config!
   // Using webpack-merge into an empty object avoids this issue.
+  /** @type {webpack.Configuration} */
   const serverWebpackConfig = commonWebpackConfig();
 
   // We just want the single server bundle entry
@@ -109,6 +111,31 @@ const configureServer = () => {
   // If using the React on Rails Pro node server renderer, uncomment the next line
   // serverWebpackConfig.target = 'node'
 
+  // MiniRacer specific config
+  if (process.env.EXECJS_RUNTIME === 'MiniRacer') {
+    // disable nodejs target
+    serverWebpackConfig.target = false;
+
+    serverWebpackConfig.output.chunkFormat = 'commonjs';
+
+    // add `process` polyfill
+    serverWebpackConfig.plugins.push(
+      new webpack.ProvidePlugin({
+        process: 'process/browser',
+      }),
+    );
+
+    // add `stream` polyfill
+    serverWebpackConfig.resolve.fallback ||= {};
+    serverWebpackConfig.resolve.fallback.stream = require.resolve('stream-browserify');
+
+    // add polyfills: TextEncoder/TextDecoder, URLSearchParams, global
+    serverWebpackConfig.entry['server-bundle'] = [
+      path.resolve(process.cwd(), 'client/app/miniracerPolyfills.js'),
+      serverWebpackConfig.entry['server-bundle'],
+    ];
+  }
+
   return serverWebpackConfig;
 };
 
diff --git a/spec/dummy/package.json b/spec/dummy/package.json
index 2ba265a0d..99ec75ec8 100644
--- a/spec/dummy/package.json
+++ b/spec/dummy/package.json
@@ -24,6 +24,7 @@
     "css-minimizer-webpack-plugin": "^3.1.3",
     "eslint-plugin-prettier": "^3.1.0",
     "expose-loader": "^1.0.3",
+    "fast-text-encoding": "^1.0.6",
     "file-loader": "^6.2.0",
     "history": "^4.6.3",
     "imports-loader": "^1.2.0",
@@ -51,6 +52,7 @@
     "sass-loader": "^12.3.0",
     "sass-resources-loader": "^2.1.0",
     "shakapacker": "6.5.1",
+    "stream-browserify": "^3.0.0",
     "style-loader": "^3.3.1",
     "terser-webpack-plugin": "5.3.1",
     "url-loader": "^4.0.0",
diff --git a/spec/dummy/yarn.lock b/spec/dummy/yarn.lock
index 03d4ee609..e4edc2276 100644
--- a/spec/dummy/yarn.lock
+++ b/spec/dummy/yarn.lock
@@ -4259,6 +4259,11 @@ fast-json-stable-stringify@^2.0.0:
   resolved "https://registry.yarnpkg.com/fast-json-stable-stringify/-/fast-json-stable-stringify-2.1.0.tgz#874bf69c6f404c2b5d99c481341399fd55892633"
   integrity sha512-lhd/wF+Lk98HZoTCtlVraHtfh5XYijIjalXck7saUtuanSDyLMxnHhSXEDJqHxD7msR8D0uCmqlkwjCV8xvwHw==
 
+fast-text-encoding@^1.0.6:
+  version "1.0.6"
+  resolved "https://registry.yarnpkg.com/fast-text-encoding/-/fast-text-encoding-1.0.6.tgz#0aa25f7f638222e3396d72bf936afcf1d42d6867"
+  integrity sha512-VhXlQgj9ioXCqGstD37E/HBeqEGV/qOD/kmbVG8h5xKBYvM1L3lR1Zn4555cQ8GkYbJa8aJSipLPndE1k6zK2w==
+
 fastest-levenshtein@^1.0.12:
   version "1.0.12"
   resolved "https://registry.yarnpkg.com/fastest-levenshtein/-/fastest-levenshtein-1.0.12.tgz#9990f7d3a88cc5a9ffd1f1745745251700d497e2"
@@ -4761,7 +4766,7 @@ inflight@^1.0.4:
     once "^1.3.0"
     wrappy "1"
 
-inherits@2, inherits@2.0.4, inherits@^2.0.1, inherits@^2.0.3, inherits@~2.0.1, inherits@~2.0.3:
+inherits@2, inherits@2.0.4, inherits@^2.0.1, inherits@^2.0.3, inherits@~2.0.1, inherits@~2.0.3, inherits@~2.0.4:
   version "2.0.4"
   resolved "https://registry.yarnpkg.com/inherits/-/inherits-2.0.4.tgz#0fa2c64f932917c3433a0ded55363aae37416b7c"
   integrity sha512-k/vGaX4/Yla3WzyMCvTQOXYeIHvqOKtnqBduzTHpzpQZzAskKMhZ2K+EnBiSM9zGSoIFeMpXKxa4dYeZIQqewQ==
@@ -6482,7 +6487,7 @@ react-is@^18.0.0:
   integrity sha512-xWGDIW6x921xtzPkhiULtthJHoJvBbF3q26fzloPCK0hsvxtPVelvftw3zjbHWSkR2km9Z+4uxbDDK/6Zw9B8w==
 
 "react-on-rails@file:.yalc/react-on-rails":
-  version "12.0.5-beta.0"
+  version "13.3.5"
   dependencies:
     "@babel/runtime-corejs3" "^7.12.5"
     concurrently "^5.1.0"
@@ -6583,6 +6588,15 @@ readable-stream@^3.0.6:
     string_decoder "^1.1.1"
     util-deprecate "^1.0.1"
 
+readable-stream@^3.5.0:
+  version "3.6.2"
+  resolved "https://registry.yarnpkg.com/readable-stream/-/readable-stream-3.6.2.tgz#56a9b36ea965c00c5a93ef31eb111a0f11056967"
+  integrity sha512-9u/sniCrY3D5WdsERHzHE4G2YCXqoG5FTHUiCC4SIbr6XcLZBY05ya9EKjYek9O5xOAwjGq+1JdGBAS7Q9ScoA==
+  dependencies:
+    inherits "^2.0.3"
+    string_decoder "^1.1.1"
+    util-deprecate "^1.0.1"
+
 readdirp@^2.2.1:
   version "2.2.1"
   resolved "https://registry.yarnpkg.com/readdirp/-/readdirp-2.2.1.tgz#0e87622a3325aa33e892285caf8b4e846529a525"
@@ -7351,6 +7365,14 @@ stream-browserify@^2.0.1:
     inherits "~2.0.1"
     readable-stream "^2.0.2"
 
+stream-browserify@^3.0.0:
+  version "3.0.0"
+  resolved "https://registry.yarnpkg.com/stream-browserify/-/stream-browserify-3.0.0.tgz#22b0a2850cdf6503e73085da1fc7b7d0c2122f2f"
+  integrity sha512-H73RAHsVBapbim0tU2JwwOiXUj+fikfiaoYAKHF3VJfA0pe2BCzkhAHBlLG6REzE+2WNZcxOXjK7lkso+9euLA==
+  dependencies:
+    inherits "~2.0.4"
+    readable-stream "^3.5.0"
+
 stream-combiner@~0.0.4:
   version "0.0.4"
   resolved "https://registry.yarnpkg.com/stream-combiner/-/stream-combiner-0.0.4.tgz#4d5e433c185261dde623ca3f44c586bcf5c4ad14"