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In homobilayer systems, the twist angle θ has emerged as a powerful tuning knob for tailoring novel phase transitions in atomically thin layers stacked at magic twist angles [1] – a paradigm shift for condensed-matter physics. For twisted bilayers of transition metal dichalcogenides, topological phases [2] and even potential signatures of a superconducting state [3] have been discussed. Yet, a precise understanding of the underlying Coulomb correlations has remained challenging.

By probing internal 1s-2p transitions with phase-locked mid-infrared pulses, we reveal the internal structure and binding energy of photo-generated excitons in transition metal dichalcogenide bilayers. Furthermore, we trace how the twist angle precisely controls the ultrafast formation of interlayer excitons and tunes excitonic hybridization in hetero- and homobilayers, respectively.