As of now, there is no official confirmation or release of Prometheus 3 (also referred to as Alien: Awakening), and the project appears to be shelved indefinitely. Ridley Scott had initially planned a third installment to follow Alien: Covenant (2017), which would bridge the gap between the Prometheus prequels and the original Alien (1979). However, due to the lukewarm reception and underwhelming box office performance of Alien: Covenant—which grossed $240 million globally against a $97 million production budget—the future of the Prometheus series remains uncertain.
If Prometheus 3 were to materialize, it would likely continue the story of David (Michael Fassbender), the android with a god complex, as he arrives on Origae-6 with the colonists and embryos aboard the USCSS Covenant. The film would explore David’s experiments in creating the Xenomorph species, potentially introducing an Alien Queen. Meanwhile, the Engineers, whose homeworld was devastated by the Black Goo pathogen, would return to confront David, seeking revenge for his actions. The narrative would likely delve deeper into the origins of the Xenomorphs and the Engineers’ role in humanity’s creation, setting the stage for the events of Alien.
The estimated budget for Prometheus 3 would likely fall between $120–150 million, consistent with its predecessors. However, Disney, which now owns the Alien franchise following its acquisition of 20th Century Fox, appears to be focusing on other projects, such as Alien: Romulus (directed by Fede Álvarez) and an Alien TV series for FX.
The Prometheus series has grossed over $400 million globally across two films, but its profitability has been questioned due to high production and marketing costs. While fans continue to speculate about Prometheus 3, its development remains highly unlikely under the current direction of the franchise.