diff --git a/src/bun.js/modules/NodeModuleModule.cpp b/src/bun.js/modules/NodeModuleModule.cpp
index 0c9fdb2962..f296dbb207 100644
--- a/src/bun.js/modules/NodeModuleModule.cpp
+++ b/src/bun.js/modules/NodeModuleModule.cpp
@@ -712,11 +712,6 @@ JSC_DEFINE_CUSTOM_SETTER(setNodeModuleWrapper,
     return true;
 }
 
-JSC_DEFINE_HOST_FUNCTION(jsFunctionInitPaths, (JSGlobalObject * globalObject, JSC::CallFrame* callFrame))
-{
-    return JSC::JSValue::encode(JSC::jsUndefined());
-}
-
 static JSValue getModulePrototypeObject(VM& vm, JSObject* moduleObject)
 {
     auto* globalObject = defaultGlobalObject(moduleObject->globalObject());
@@ -849,8 +844,8 @@ static JSValue getModuleObject(VM& vm, JSObject* moduleObject)
 _cache                  getModuleCacheObject              PropertyCallback
 _debug                  getModuleDebugObject              PropertyCallback
 _extensions             getModuleExtensionsObject         PropertyCallback
-_findPath                jsFunctionFindPath                Function 3
-_initPaths              jsFunctionInitPaths               Function 0
+_findPath                jsFunctionFindPath               Function 3
+_initPaths              JSBuiltin                         Function|Builtin 0
 _load                   jsFunctionLoad                    Function 1
 _nodeModulePaths        Resolver__nodeModulePathsForJS    Function 1
 _pathCache              getPathCacheObject                PropertyCallback
diff --git a/src/codegen/bundle-functions.ts b/src/codegen/bundle-functions.ts
index 003b0e2276..9e55ebc53b 100644
--- a/src/codegen/bundle-functions.ts
+++ b/src/codegen/bundle-functions.ts
@@ -146,7 +146,7 @@ async function processFileSplit(filename: string): Promise<{ functions: BundledB
       contents = contents.slice(directive[0].length);
     } else if (match[1] === "export function" || match[1] === "export async function") {
       // consume async token and function name
-      const nameMatch = contents.match(/^export\s+(async\s+)?function\s([a-zA-Z0-9]+)\s*/);
+      const nameMatch = contents.match(/^export\s+(async\s+)?function\s([_a-zA-Z0-9]+)\s*/);
       if (!nameMatch)
         throw new SyntaxError("Could not parse function name:\n" + contents.slice(0, contents.indexOf("\n")));
       const async = Boolean(nameMatch[1]);
diff --git a/src/js/builtins/NodeModuleObject.ts b/src/js/builtins/NodeModuleObject.ts
new file mode 100644
index 0000000000..8c47278608
--- /dev/null
+++ b/src/js/builtins/NodeModuleObject.ts
@@ -0,0 +1,27 @@
+// Implementation for `require('node:module')._initPaths`. Exists only as a
+// compatibility stub. Calling this does not affect the actual CommonJS loader.
+export function _initPaths() {
+  const homeDir = process.platform === "win32" ? process.env.USERPROFILE : Bun.env.HOME;
+  const nodePath = process.platform === "win32" ? process.env.NODE_PATH : Bun.env.NODE_PATH;
+
+  // process.execPath is $PREFIX/bin/node except on Windows where it is
+  // $PREFIX\node.exe where $PREFIX is the root of the Node.js installation.
+  const path = require("node:path");
+  const prefixDir = process.platform === "win32" ?
+    path.resolve(process.execPath, '..') :
+    path.resolve(process.execPath, '..', '..');
+
+  const paths = [path.resolve(prefixDir, 'lib', 'node')];
+
+  if (homeDir) {
+    paths.unshift(path.resolve(homeDir, '.node_libraries'));
+    paths.unshift(path.resolve(homeDir, '.node_modules'));
+  }
+
+  if (nodePath) {
+    paths.unshift(...nodePath.split(path.delimiter).filter(Boolean));
+  }
+
+  const M = require('node:module');
+  M.globalPaths = paths;
+}
diff --git a/test/js/node/test/parallel/test-module-globalpaths-nodepath.js b/test/js/node/test/parallel/test-module-globalpaths-nodepath.js
new file mode 100644
index 0000000000..c4492169ad
--- /dev/null
+++ b/test/js/node/test/parallel/test-module-globalpaths-nodepath.js
@@ -0,0 +1,46 @@
+// Copyright Joyent, Inc. and other Node contributors.
+//
+// Permission is hereby granted, free of charge, to any person obtaining a
+// copy of this software and associated documentation files (the
+// "Software"), to deal in the Software without restriction, including
+// without limitation the rights to use, copy, modify, merge, publish,
+// distribute, sublicense, and/or sell copies of the Software, and to permit
+// persons to whom the Software is furnished to do so, subject to the
+// following conditions:
+//
+// The above copyright notice and this permission notice shall be included
+// in all copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS
+// OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
+// MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN
+// NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
+// DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR
+// OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE
+// USE OR OTHER DEALINGS IN THE SOFTWARE.
+
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const mod = require('module');
+
+let partA, partB;
+const partC = '';
+
+if (common.isWindows) {
+  partA = 'C:\\Users\\Rocko Artischocko\\AppData\\Roaming\\npm';
+  partB = 'C:\\Program Files (x86)\\nodejs\\';
+  process.env.NODE_PATH = `${partA};${partB};${partC}`;
+} else {
+  partA = '/usr/test/lib/node_modules';
+  partB = '/usr/test/lib/node';
+  process.env.NODE_PATH = `${partA}:${partB}:${partC}`;
+}
+
+mod._initPaths();
+
+assert.ok(mod.globalPaths.includes(partA));
+assert.ok(mod.globalPaths.includes(partB));
+assert.ok(!mod.globalPaths.includes(partC));
+
+assert.ok(Array.isArray(mod.globalPaths));