EX-5.1

Exhibit 5.1

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November 18, 2021

Peloton Interactive, Inc.

441 Ninth Avenue, Sixth Floor

New York, New York 10001

Re:	Peloton Interactive, Inc.

Registration Statement on Form S-3 (File No. 333-261097)

Ladies and Gentlemen:

We have examined the Registration Statement on Form S-3, File No. 333-261097, as amended (the “Registration Statement”), of Peloton Interactive, Inc., a Delaware corporation (the “Company”), filed with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”), in connection with the offering by the Company of 27,173,912 shares of the Company’s Class A common stock, par value $0.000025 per share (the “Shares”).

In arriving at the opinion expressed below, we have examined originals, or copies certified or otherwise identified to our satisfaction as being true and complete copies of the originals, of such documents, corporate records, certificates of officers of the Company and of public officials and other instruments as we have deemed necessary or advisable to enable us to render the opinions set forth below. In our examination, we have assumed without independent investigation the genuineness of all signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals and the conformity to original documents of all documents submitted to us as copies.

Based on the foregoing, and subject to the assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that the Shares, when issued against payment therefor as set forth in the Registration Statement, will be validly issued, fully paid and non-assessable.

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