The Large Ultraviolet/Optical/Infrared (LUVOIR) Science and Technology Definition Team (STDT) identified a broad range of science objectives for LUVOIR that include the direct imaging and spectral characterization of habitable exoplanets and an array of general astrophysics and Solar System observations. To meet these objectives, the LUVOIR Study Office completed the first design iteration of a 15-m segmented-aperture observatory that includes four serviceable instruments: the Extreme Coronagraph for Living Planetary Systems (ECLIPS); the LUVOIR UV Multi-object Spectrograph (LUMOS); the High Definition Imager (HDI); and Pollux, a high-resolution UV spectro-polarimeter being contributed by Centre National d'Etudes Spatiales (CNES). The study team is now executing a second design iteration to further improve upon the 15-m concept, while simultaneously studying a 9-m concept. In these proceedings, we provide an update on these architectures.