diff --git a/packages/next/server/render.tsx b/packages/next/server/render.tsx
index 1f98e28c862b492..7d88ecd1a806a3b 100644
--- a/packages/next/server/render.tsx
+++ b/packages/next/server/render.tsx
@@ -63,7 +63,12 @@ import {
   Redirect,
 } from '../lib/load-custom-routes'
 import { DomainLocale } from './config'
-import { RenderResult, resultFromChunks, resultToChunks } from './utils'
+import {
+  Observer,
+  RenderResult,
+  resultFromChunks,
+  resultToChunks,
+} from './utils'
 
 function noRouter() {
   const message =
@@ -416,6 +421,7 @@ export async function renderToHTML(
     previewProps,
     basePath,
     devOnlyCacheBusterQueryString,
+    requireStaticHTML,
     concurrentFeatures,
   } = renderOpts
 
@@ -1002,32 +1008,57 @@ export async function renderToHTML(
     }
   }
 
-  // TODO: Support SSR streaming of Suspense.
-  const renderToString = concurrentFeatures
-    ? (element: React.ReactElement) =>
-        new Promise<string>((resolve, reject) => {
-          const stream = new PassThrough()
-          const buffers: Buffer[] = []
-          stream.on('data', (chunk) => {
-            buffers.push(chunk)
-          })
-          stream.once('end', () => {
-            resolve(Buffer.concat(buffers).toString('utf-8'))
-          })
-
-          const {
-            abort,
-            startWriting,
-          } = (ReactDOMServer as any).pipeToNodeWritable(element, stream, {
-            onError(error: Error) {
+  const generateStaticHTML = requireStaticHTML || inAmpMode
+  const renderToStream = (element: React.ReactElement) =>
+    new Promise<RenderResult>((resolve, reject) => {
+      const stream = new PassThrough()
+      let resolved = false
+      const doResolve = () => {
+        if (!resolved) {
+          resolved = true
+          resolve(({ complete, next }) => {
+            stream.on('data', (chunk) => {
+              next(chunk.toString('utf-8'))
+            })
+            stream.once('end', () => {
+              complete()
+            })
+
+            startWriting()
+            return () => {
               abort()
-              reject(error)
-            },
-            onCompleteAll() {
-              startWriting()
-            },
+            }
           })
-        })
+        }
+      }
+
+      const {
+        abort,
+        startWriting,
+      } = (ReactDOMServer as any).pipeToNodeWritable(element, stream, {
+        onError(error: Error) {
+          if (!resolved) {
+            resolved = true
+            reject(error)
+          }
+          abort()
+        },
+        onReadyToStream() {
+          if (!generateStaticHTML) {
+            doResolve()
+          }
+        },
+        onCompleteAll() {
+          doResolve()
+        },
+      })
+    }).then(multiplexResult)
+
+  const renderToString = concurrentFeatures
+    ? async (element: React.ReactElement) => {
+        const result = await renderToStream(element)
+        return await resultsToString([result])
+      }
     : ReactDOMServer.renderToString
 
   const renderPage: RenderPage = (
@@ -1285,6 +1316,87 @@ function mergeResults(chunks: Array<RenderResult>): RenderResult {
   }
 }
 
+function multiplexResult(result: RenderResult): RenderResult {
+  const chunks: Array<string> = []
+  const subscribers: Set<Observer<string>> = new Set()
+  let terminator: ((subscriber: Observer<string>) => void) | null = null
+
+  result({
+    next(chunk) {
+      chunks.push(chunk)
+      subscribers.forEach((subscriber) => subscriber.next(chunk))
+    },
+    error(error) {
+      if (!terminator) {
+        terminator = (subscriber) => subscriber.error(error)
+        subscribers.forEach(terminator)
+        subscribers.clear()
+      }
+    },
+    complete() {
+      if (!terminator) {
+        terminator = (subscriber) => subscriber.complete()
+        subscribers.forEach(terminator)
+        subscribers.clear()
+      }
+    },
+  })
+
+  return (innerSubscriber) => {
+    let completed = false
+    let cleanup = () => {}
+    const subscriber: Observer<string> = {
+      next(chunk) {
+        if (!completed) {
+          try {
+            innerSubscriber.next(chunk)
+          } catch (err) {
+            subscriber.error(err)
+          }
+        }
+      },
+      complete() {
+        if (!completed) {
+          cleanup()
+          try {
+            innerSubscriber.complete()
+          } catch {}
+        }
+      },
+      error(err) {
+        if (!completed) {
+          cleanup()
+          try {
+            innerSubscriber.error(err)
+          } catch {}
+        }
+      },
+    }
+    cleanup = () => {
+      completed = true
+      subscribers.delete(subscriber)
+    }
+
+    process.nextTick(() => {
+      for (const chunk of chunks) {
+        if (completed) {
+          return
+        }
+        subscriber.next(chunk)
+      }
+
+      if (!completed) {
+        if (!terminator) {
+          subscribers.add(subscriber)
+        } else {
+          terminator(subscriber)
+        }
+      }
+    })
+    return () => cleanup()
+  }
+}
+
 function errorToJSON(err: Error): Error {
   const { name, message, stack } = err
   return { name, message, stack }
diff --git a/packages/next/server/utils.ts b/packages/next/server/utils.ts
index e898038ecb47d97..1334915ffc56232 100644
--- a/packages/next/server/utils.ts
+++ b/packages/next/server/utils.ts
@@ -16,12 +16,12 @@ export function cleanAmpPath(pathname: string): string {
 }
 
 export type Disposable = () => void
-// TODO: Consider just using an actual Observable here
-export type RenderResult = (observer: {
-  next(chunk: string): void
+export type Observer<T> = {
+  next(chunk: T): void
   error(error: Error): void
   complete(): void
-}) => Disposable
+}
+export type RenderResult = (observer: Observer<string>) => Disposable
 
 export function resultFromChunks(chunks: string[]): RenderResult {
   return ({ next, complete, error }) => {