Panulirus versicolor is a species of spiny lobster that lives in tropical reefs in the Indo-Pacific.

[5] They are carnivores, eating both carrion and fresh caught arthropods, other crustaceans, and occasional small fish.

In the western and central Pacific, it occurs as far north as southern Japan, throughout Micronesia, Melanesia, Polynesia and in the waters of north-eastern Australia.

[7] A single P. versicolor was found in shallow coastal waters of Georgia, United States, in 2012.

Likely deliberately released as an adult or unintentionally transported as a larva in a cargo ship's ballast water, it was the first specimen reported in the U.S. and the Atlantic Ocean.

[2] Panulirus versicolor is very commercially exploited, which has led to its rarefaction or even disappearance in many places; however, as its range is large and includes many protected areas, the species is not considered to be globally threatened.