The September 18 episode of The Bold and the Beautiful drops a seismic bomb in the Spencer household. A storyline long-rumored finally breaks open: Luna Nozawa confirms she is pregnant with Will Spencer’s baby. What begins with stunned disbelief quickly becomes a vortex of suspicion, manipulation, and heartbreak, unraveling not only romantic relationships but the delicate web of loyalties that hold the family together.

Luna’s Big Reveal: Pregnancy or Ploy?
The episode opens in Li Finnegan’s apartment. Luna, tormented and alone, pulls out a test strip that reveals two stark lines—a positive pregnancy result. This moment, long‑foreshadowed by Luna’s restless nights and hushed doubts, crashes into reality. She softly utters that she’s carrying Will’s child, and with that confession, her world—and Will Spencer’s—tilts on its axis.

For Luna, this is both salvation and danger. She has hoped, prayed even, that this moment would come. But the reality is raw: fear mixes with triumph, and she realizes the power a pregnancy could grant her. She insists she isn’t lying—this time, no trick or manipulated test. It is Will’s baby, she says. And in her mind, it changes everything.

Will’s Crush: Disbelief & Panic
Will Spencer is blindsided. His reaction is visceral: denial, anger, shame. He insists the test can’t be real, that Luna is playing games again. There are echoes of past lies—especially Luna’s previous deceptions (DNA test trickery, manipulative ploys) that have wounded the family deeply.

Will’s sense of betrayal is two‑fold: betrayal by Luna, and betrayal of his own self, for not being able to fully control or even remember all the events. He struggles with what this means for Electra, his feelings, the obligations he never saw coming.

Bill’s Skepticism & Luna’s Leverage
Enter Bill Spencer: ever the protector of the Spencer legacy, but also ever the skeptic. Bill doesn’t immediately accept Luna’s claim. In his eyes, Luna has crafted falsehoods before. Is this just another one? Is she trying to avoid going to prison? Will’s reputation, the Spencer fortune, Katie’s maternal fear—all tug at Bill.

Luna, however, is unbowed. She leans into the power the pregnancy gives her—to deflect legal consequences, to force others to treat her not as a pariah or liar, but as a mother‑to‑be. In Luna’s telling, this revelation isn’t just about redemption; it’s about survival. She knows the weight of what she holds. And she uses it.

Katie Logan & Li Finnegan: Mothers in Conflict
Katie Logan, as Will’s mother, becomes a fierce protector. She’s long been distrustful of Luna, always wary of her motives. Now that Luna may bear Katie’s grandchild, Katie is torn: wanting what’s right for Will, but fearful that Luna’s claim is another manipulation. Her maternal instincts trigger confrontation, protection—and judgment.

Li Finnegan, Luna’s mother, watches from a different angle. She’s been through so many betrayals, so much deceit. She’s skeptical—but she also sees something raw, vulnerable in Luna’s eyes. This pregnancy test may be more than another scheme. Li’s silence is loud; she studies Luna, holds back her judgments, but inside, something is shifting. Her internal conflict is palpable.

Electra, Love, and a Future Unraveling
Meanwhile, Electra Forrester is preparing for what she believed would be a future with Will. She has a romantic surprise in mind—a custom engraved pendant symbolizing what she and Will meant to each other. When the truth hits her, it hits like betrayal. She’s not just losing out on a future; she’s losing trust, stability, identity. Her heartbreak is immediate and powerful.

Electra’s reaction also forces Will to confront his own actions—not just toward Luna, but toward Electra. What promises did he give? What memories did she build around those promises? Luna’s pregnancy threatens not only what is, but what Electra hoped would be.