diff --git a/openstack/openstacksdk/openstacksdk.spec.j2 b/openstack/openstacksdk/openstacksdk.spec.j2
index a7f268833..cb81f111b 100644
--- a/openstack/openstacksdk/openstacksdk.spec.j2
+++ b/openstack/openstacksdk/openstacksdk.spec.j2
@@ -1,5 +1,5 @@
 {% set pypi_name = 'openstacksdk' %}
-{% set upstream_version = upstream_version('0.49.0') %}
+{% set upstream_version = upstream_version('0.50.0') %}
 {% set rpm_release = '1' %}
 {% set source = url_pypi() %}
 # FIXME(jpena): unit tests require way too much memory