From the source

Turbopack updates: Moving homes

Turbopack codebase moves into Next.js monorepo

Image published with the post by Vercel — Image from vercel.com

Vercel announced it will move the Turbopack bundler source code from the vercel/turbo repository into the vercel/next.js monorepo to accelerate development and achieve a stable release with production build support.

The migration will use git-subtree and git-filter-branch to preserve commit history.
Turborepo remains in its current repository, and Turbopack's core remains framework-agnostic despite the immediate focus on Next.js.

From the source
In the coming weeks, we will move the source code for the Turbopack bundler out of the vercel/turbo repository and into the vercel/next.js monorepo . We believe that co-locating the source code will enable us to iterate faster and get Turbopack to a stable release with support for production builds sooner, both in Next.js and as a standalone bundler for the rest of the JavaScript ecosystem.
vercel.com

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