diff --git a/Makefile b/Makefile
index 1c6cba0..b506d37 100644
--- a/Makefile
+++ b/Makefile
@@ -117,7 +117,7 @@ PLATFORMS ?= linux_amd64
 
 # Tool Versions
 # ------------------
-UP_VERSION = v0.39.0
+UP_VERSION = v0.42.1
 UP_CHANNEL = stable
 CROSSPLANE_CLI_VERSION = v1.18.0
 CROSSPLANE_VERSION = v1.18.0-up.1