diff --git a/docs/getting_started/spot-ocean.md b/docs/getting_started/spot-ocean.md
index 358fe79dc9..a5cf389a70 100644
--- a/docs/getting_started/spot-ocean.md
+++ b/docs/getting_started/spot-ocean.md
@@ -157,6 +157,7 @@ metadata:
 | `spotinst.io/ocean-default-launchspec` | Specify whether to use the InstanceGroup's spec as the default Launch Spec for the Ocean cluster. | none |
 | `spotinst.io/ocean-instance-types-whitelist` | Specify whether to whitelist specific instance types. | none |
 | `spotinst.io/ocean-instance-types-blacklist` | Specify whether to blacklist specific instance types. | none |
+| `spotinst.io/ocean-instance-types` | Specify a list of instance types that should be used by the Ocean Launch Spec. | none |
 | `spotinst.io/autoscaler-disabled` | Specify whether the auto scaler should be disabled. | `false` |
 | `spotinst.io/autoscaler-default-node-labels` | Specify whether default node labels should be set for the auto scaler. | `false` |
 | `spotinst.io/autoscaler-headroom-cpu-per-unit` | Specify the number of CPUs to allocate for headroom. CPUs are denoted in millicores, where 1000 millicores = 1 vCPU. | none |
diff --git a/go.mod b/go.mod
index 0232742332..ea88aa6934 100644
--- a/go.mod
+++ b/go.mod
@@ -93,7 +93,7 @@ require (
 	github.com/spf13/cobra v0.0.7
 	github.com/spf13/pflag v1.0.5
 	github.com/spf13/viper v1.4.0
-	github.com/spotinst/spotinst-sdk-go v1.56.0
+	github.com/spotinst/spotinst-sdk-go v1.58.0
 	github.com/stretchr/testify v1.5.1
 	github.com/urfave/cli v1.20.0
 	github.com/weaveworks/mesh v0.0.0-20170419100114-1f158d31de55
diff --git a/go.sum b/go.sum
index 58bc600220..b0c2968afe 100644
--- a/go.sum
+++ b/go.sum
@@ -794,8 +794,8 @@ github.com/spf13/viper v1.3.2 h1:VUFqw5KcqRf7i70GOzW7N+Q7+gxVBkSSqiXB12+JQ4M=
 github.com/spf13/viper v1.3.2/go.mod h1:ZiWeW+zYFKm7srdB9IoDzzZXaJaI5eL9QjNiN/DMA2s=
 github.com/spf13/viper v1.4.0 h1:yXHLWeravcrgGyFSyCgdYpXQ9dR9c/WED3pg1RhxqEU=
 github.com/spf13/viper v1.4.0/go.mod h1:PTJ7Z/lr49W6bUbkmS1V3by4uWynFiR9p7+dSq/yZzE=
-github.com/spotinst/spotinst-sdk-go v1.56.0 h1:w7OnAWXWPxvOvqjYv4i0kN70KWGTNcyoNB72suIA30g=
-github.com/spotinst/spotinst-sdk-go v1.56.0/go.mod h1:nWi2DyjUi1WUZclpsqZFXvImsU0T39ppqqHwC4/T5mw=
+github.com/spotinst/spotinst-sdk-go v1.58.0 h1:h7617CMlfHL3W+CMlhs883kVy3MPdGML/Z4+mW+ddgc=
+github.com/spotinst/spotinst-sdk-go v1.58.0/go.mod h1:nWi2DyjUi1WUZclpsqZFXvImsU0T39ppqqHwC4/T5mw=
 github.com/storageos/go-api v0.0.0-20180912212459-343b3eff91fc/go.mod h1:ZrLn+e0ZuF3Y65PNF6dIwbJPZqfmtCXxFm9ckv0agOY=
 github.com/stretchr/objx v0.1.0/go.mod h1:HFkY916IF+rwdDfMAkV7OtwuqBVzrE8GR6GFx+wExME=
 github.com/stretchr/objx v0.1.1 h1:2vfRuCMp5sSVIDSqO8oNnWJq7mPa6KVP3iPIwFBuy8A=
diff --git a/pkg/model/spotinstmodel/instance_group.go b/pkg/model/spotinstmodel/instance_group.go
index 6276b3a262..38776f4d62 100644
--- a/pkg/model/spotinstmodel/instance_group.go
+++ b/pkg/model/spotinstmodel/instance_group.go
@@ -81,6 +81,7 @@ const (
 	// specific instance types.
 	InstanceGroupLabelOceanInstanceTypesWhitelist = "spotinst.io/ocean-instance-types-whitelist"
 	InstanceGroupLabelOceanInstanceTypesBlacklist = "spotinst.io/ocean-instance-types-blacklist"
+	InstanceGroupLabelOceanInstanceTypes          = "spotinst.io/ocean-instance-types" // launchspec
 
 	// InstanceGroupLabelAutoScalerDisabled is the metadata label used on the
 	// instance group to specify whether the auto scaler should be enabled.
@@ -509,6 +510,17 @@ func (b *InstanceGroupModelBuilder) buildLaunchSpec(c *fi.ModelBuilderContext,
 		Ocean:   ocean, // link to Ocean
 	}
 
+	// Instance types.
+	for k, v := range ig.ObjectMeta.Labels {
+		switch k {
+		case InstanceGroupLabelOceanInstanceTypesWhitelist, InstanceGroupLabelOceanInstanceTypes:
+			launchSpec.InstanceTypes, err = parseStringSlice(v)
+			if err != nil {
+				return err
+			}
+		}
+	}
+
 	// Capacity.
 	minSize, maxSize := b.buildCapacity(ig)
 	ocean.MinSize = fi.Int64(fi.Int64Value(ocean.MinSize) + fi.Int64Value(minSize))
diff --git a/upup/pkg/fi/cloudup/spotinsttasks/launch_spec.go b/upup/pkg/fi/cloudup/spotinsttasks/launch_spec.go
index 310c04283f..c9019792f4 100644
--- a/upup/pkg/fi/cloudup/spotinsttasks/launch_spec.go
+++ b/upup/pkg/fi/cloudup/spotinsttasks/launch_spec.go
@@ -45,6 +45,7 @@ type LaunchSpec struct {
 	Subnets            []*awstasks.Subnet
 	IAMInstanceProfile *awstasks.IAMInstanceProfile
 	ImageID            *string
+	InstanceTypes      []string
 	Tags               map[string]string
 	RootVolumeOpts     *RootVolumeOpts
 	AutoScalerOpts     *AutoScalerOpts
@@ -207,6 +208,13 @@ func (o *LaunchSpec) Find(c *fi.Context) (*LaunchSpec, error) {
 		}
 	}
 
+	// Instance types.
+	{
+		if itypes := spec.InstanceTypes; itypes != nil {
+			actual.InstanceTypes = itypes
+		}
+	}
+
 	// Tags.
 	{
 		if len(spec.Tags) > 0 {
@@ -376,6 +384,13 @@ func (_ *LaunchSpec) create(cloud awsup.AWSCloud, a, e, changes *LaunchSpec) err
 		}
 	}
 
+	// Instance types.
+	{
+		if e.InstanceTypes != nil {
+			spec.SetInstanceTypes(e.InstanceTypes)
+		}
+	}
+
 	// Tags.
 	{
 		if e.Tags != nil {
@@ -545,6 +560,15 @@ func (_ *LaunchSpec) update(cloud awsup.AWSCloud, a, e, changes *LaunchSpec) err
 		}
 	}
 
+	// Instance types.
+	{
+		if changes.InstanceTypes != nil {
+			spec.SetInstanceTypes(e.InstanceTypes)
+			changes.InstanceTypes = nil
+			changed = true
+		}
+	}
+
 	// Tags.
 	{
 		if changes.Tags != nil {
@@ -647,6 +671,7 @@ type terraformLaunchSpec struct {
 	UserData                 *terraform.Literal             `json:"user_data,omitempty" cty:"user_data"`
 	IAMInstanceProfile       *terraform.Literal             `json:"iam_instance_profile,omitempty" cty:"iam_instance_profile"`
 	KeyName                  *terraform.Literal             `json:"key_name,omitempty" cty:"key_name"`
+	InstanceTypes            []string                       `json:"instance_types,omitempty" cty:"instance_types"`
 	SubnetIDs                []*terraform.Literal           `json:"subnet_ids,omitempty" cty:"subnet_ids"`
 	SecurityGroups           []*terraform.Literal           `json:"security_groups,omitempty" cty:"security_groups"`
 	Taints                   []*corev1.Taint                `json:"taints,omitempty" cty:"taints"`
@@ -659,8 +684,9 @@ func (_ *LaunchSpec) RenderTerraform(t *terraform.TerraformTarget, a, e, changes
 	cloud := t.Cloud.(awsup.AWSCloud)
 
 	tf := &terraformLaunchSpec{
-		Name:    e.Name,
-		OceanID: e.Ocean.TerraformLink(),
+		Name:          e.Name,
+		OceanID:       e.Ocean.TerraformLink(),
+		InstanceTypes: e.InstanceTypes,
 	}
 
 	// Image.
diff --git a/vendor/github.com/spotinst/spotinst-sdk-go/service/elastigroup/providers/aws/aws.go b/vendor/github.com/spotinst/spotinst-sdk-go/service/elastigroup/providers/aws/aws.go
index 0936da6d60..a14f103f4c 100644
--- a/vendor/github.com/spotinst/spotinst-sdk-go/service/elastigroup/providers/aws/aws.go
+++ b/vendor/github.com/spotinst/spotinst-sdk-go/service/elastigroup/providers/aws/aws.go
@@ -356,6 +356,7 @@ type Route53Integration struct {
 type Domain struct {
 	HostedZoneID      *string      `json:"hostedZoneId,omitempty"`
 	SpotinstAccountID *string      `json:"spotinstAccountId,omitempty"`
+	RecordSetType     *string      `json:"recordSetType,omitempty"`
 	RecordSets        []*RecordSet `json:"recordSets,omitempty"`
 
 	forceSendFields []string
@@ -363,8 +364,9 @@ type Domain struct {
 }
 
 type RecordSet struct {
-	UsePublicIP *bool   `json:"usePublicIp,omitempty"`
-	Name        *string `json:"name,omitempty"`
+	Name         *string `json:"name,omitempty"`
+	UsePublicIP  *bool   `json:"usePublicIp,omitempty"`
+	UsePublicDNS *bool   `json:"usePublicDns,omitempty"`
 
 	forceSendFields []string
 	nullFields      []string
@@ -2083,6 +2085,13 @@ func (o *Domain) SetSpotinstAccountID(v *string) *Domain {
 	return o
 }
 
+func (o *Domain) SetRecordSetType(v *string) *Domain {
+	if o.RecordSetType = v; o.RecordSetType == nil {
+		o.nullFields = append(o.nullFields, "RecordSetType")
+	}
+	return o
+}
+
 func (o *Domain) SetRecordSets(v []*RecordSet) *Domain {
 	if o.RecordSets = v; o.RecordSets == nil {
 		o.nullFields = append(o.nullFields, "RecordSets")
@@ -2100,6 +2109,13 @@ func (o RecordSet) MarshalJSON() ([]byte, error) {
 	return jsonutil.MarshalJSON(raw, o.forceSendFields, o.nullFields)
 }
 
+func (o *RecordSet) SetName(v *string) *RecordSet {
+	if o.Name = v; o.Name == nil {
+		o.nullFields = append(o.nullFields, "Name")
+	}
+	return o
+}
+
 func (o *RecordSet) SetUsePublicIP(v *bool) *RecordSet {
 	if o.UsePublicIP = v; o.UsePublicIP == nil {
 		o.nullFields = append(o.nullFields, "UsePublicIP")
@@ -2107,9 +2123,9 @@ func (o *RecordSet) SetUsePublicIP(v *bool) *RecordSet {
 	return o
 }
 
-func (o *RecordSet) SetName(v *string) *RecordSet {
-	if o.Name = v; o.Name == nil {
-		o.nullFields = append(o.nullFields, "Name")
+func (o *RecordSet) SetUsePublicDNS(v *bool) *RecordSet {
+	if o.UsePublicDNS = v; o.UsePublicDNS == nil {
+		o.nullFields = append(o.nullFields, "UsePublicDNS")
 	}
 	return o
 }
diff --git a/vendor/github.com/spotinst/spotinst-sdk-go/service/ocean/providers/aws/launch_spec.go b/vendor/github.com/spotinst/spotinst-sdk-go/service/ocean/providers/aws/launch_spec.go
index 773a128d9b..fd9075b2fb 100644
--- a/vendor/github.com/spotinst/spotinst-sdk-go/service/ocean/providers/aws/launch_spec.go
+++ b/vendor/github.com/spotinst/spotinst-sdk-go/service/ocean/providers/aws/launch_spec.go
@@ -22,6 +22,7 @@ type LaunchSpec struct {
 	RootVolumeSize      *int                  `json:"rootVolumeSize,omitempty"`
 	SecurityGroupIDs    []string              `json:"securityGroupIds,omitempty"`
 	SubnetIDs           []string              `json:"subnetIds,omitempty"`
+	InstanceTypes       []string              `json:"instanceTypes,omitempty"`
 	ResourceLimits      *ResourceLimits       `json:"resourceLimits,omitempty"`
 	IAMInstanceProfile  *IAMInstanceProfile   `json:"iamInstanceProfile,omitempty"`
 	AutoScale           *AutoScale            `json:"autoScale,omitempty"`
@@ -397,6 +398,13 @@ func (o *LaunchSpec) SetSubnetIDs(v []string) *LaunchSpec {
 	return o
 }
 
+func (o *LaunchSpec) SetInstanceTypes(v []string) *LaunchSpec {
+	if o.InstanceTypes = v; o.InstanceTypes == nil {
+		o.nullFields = append(o.nullFields, "InstanceTypes")
+	}
+	return o
+}
+
 func (o *LaunchSpec) SetRootVolumeSize(v *int) *LaunchSpec {
 	if o.RootVolumeSize = v; o.RootVolumeSize == nil {
 		o.nullFields = append(o.nullFields, "RootVolumeSize")
diff --git a/vendor/github.com/spotinst/spotinst-sdk-go/spotinst/version.go b/vendor/github.com/spotinst/spotinst-sdk-go/spotinst/version.go
index 9e49e67712..8aee44ecdd 100644
--- a/vendor/github.com/spotinst/spotinst-sdk-go/spotinst/version.go
+++ b/vendor/github.com/spotinst/spotinst-sdk-go/spotinst/version.go
@@ -1,7 +1,7 @@
 package spotinst
 
 // SDKVersion is the current version of the SDK.
-const SDKVersion = "1.56.0"
+const SDKVersion = "1.58.0"
 
 // SDKName is the name of the SDK.
 const SDKName = "spotinst-sdk-go"
diff --git a/vendor/modules.txt b/vendor/modules.txt
index b756885aa7..691fa9a641 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -516,7 +516,7 @@ github.com/spf13/pflag
 # github.com/spf13/viper v1.4.0
 ## explicit
 github.com/spf13/viper
-# github.com/spotinst/spotinst-sdk-go v1.56.0
+# github.com/spotinst/spotinst-sdk-go v1.58.0
 ## explicit
 github.com/spotinst/spotinst-sdk-go/service/elastigroup
 github.com/spotinst/spotinst-sdk-go/service/elastigroup/providers/aws