diff --git a/Cargo.lock b/Cargo.lock
index 945bba656a..e9763fda4e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -422,7 +422,7 @@ dependencies = [
 
 [[package]]
 name = "apollo-federation"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 dependencies = [
  "apollo-compiler",
  "derive_more",
@@ -468,7 +468,7 @@ dependencies = [
 
 [[package]]
 name = "apollo-router"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 dependencies = [
  "access-json",
  "anyhow",
@@ -632,7 +632,7 @@ dependencies = [
 
 [[package]]
 name = "apollo-router-benchmarks"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 dependencies = [
  "apollo-parser",
  "apollo-router",
@@ -648,7 +648,7 @@ dependencies = [
 
 [[package]]
 name = "apollo-router-scaffold"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 dependencies = [
  "anyhow",
  "cargo-scaffold",
diff --git a/apollo-federation/Cargo.toml b/apollo-federation/Cargo.toml
index 3e859c3eab..962428ad30 100644
--- a/apollo-federation/Cargo.toml
+++ b/apollo-federation/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "apollo-federation"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 authors = ["The Apollo GraphQL Contributors"]
 edition = "2021"
 description = "Apollo Federation"
diff --git a/apollo-router-benchmarks/Cargo.toml b/apollo-router-benchmarks/Cargo.toml
index e3e8218354..9deadb9cfa 100644
--- a/apollo-router-benchmarks/Cargo.toml
+++ b/apollo-router-benchmarks/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "apollo-router-benchmarks"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 authors = ["Apollo Graph, Inc. <packages@apollographql.com>"]
 edition = "2021"
 license = "Elastic-2.0"
diff --git a/apollo-router-scaffold/Cargo.toml b/apollo-router-scaffold/Cargo.toml
index 33841a9db9..a7abcb056f 100644
--- a/apollo-router-scaffold/Cargo.toml
+++ b/apollo-router-scaffold/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "apollo-router-scaffold"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 authors = ["Apollo Graph, Inc. <packages@apollographql.com>"]
 edition = "2021"
 license = "Elastic-2.0"
diff --git a/apollo-router-scaffold/templates/base/Cargo.template.toml b/apollo-router-scaffold/templates/base/Cargo.template.toml
index 6f19d570c4..70dcefe9e3 100644
--- a/apollo-router-scaffold/templates/base/Cargo.template.toml
+++ b/apollo-router-scaffold/templates/base/Cargo.template.toml
@@ -22,7 +22,7 @@ apollo-router = { path ="{{integration_test}}apollo-router" }
 apollo-router = { git="https://github.com/apollographql/router.git", branch="{{branch}}" }
 {{else}}
 # Note if you update these dependencies then also update xtask/Cargo.toml
-apollo-router = "1.49.1"
+apollo-router = "1.50.0-rc.0"
 {{/if}}
 {{/if}}
 async-trait = "0.1.52"
diff --git a/apollo-router-scaffold/templates/base/xtask/Cargo.template.toml b/apollo-router-scaffold/templates/base/xtask/Cargo.template.toml
index f40eb342df..87b1f8a75b 100644
--- a/apollo-router-scaffold/templates/base/xtask/Cargo.template.toml
+++ b/apollo-router-scaffold/templates/base/xtask/Cargo.template.toml
@@ -13,7 +13,7 @@ apollo-router-scaffold = { path ="{{integration_test}}apollo-router-scaffold" }
 {{#if branch}}
 apollo-router-scaffold = { git="https://github.com/apollographql/router.git", branch="{{branch}}" }
 {{else}}
-apollo-router-scaffold = { git = "https://github.com/apollographql/router.git", tag = "v1.49.1" }
+apollo-router-scaffold = { git = "https://github.com/apollographql/router.git", tag = "v1.50.0-rc.0" }
 {{/if}}
 {{/if}}
 anyhow = "1.0.58"
diff --git a/apollo-router/Cargo.toml b/apollo-router/Cargo.toml
index 91a24d91c9..cc6c27089b 100644
--- a/apollo-router/Cargo.toml
+++ b/apollo-router/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "apollo-router"
-version = "1.49.1"
+version = "1.50.0-rc.0"
 authors = ["Apollo Graph, Inc. <packages@apollographql.com>"]
 repository = "https://github.com/apollographql/router/"
 documentation = "https://docs.rs/apollo-router"
@@ -68,7 +68,7 @@ askama = "0.12.1"
 access-json = "0.1.0"
 anyhow = "1.0.80"
 apollo-compiler.workspace = true
-apollo-federation = { path = "../apollo-federation", version = "=1.49.1" }
+apollo-federation = { path = "../apollo-federation", version = "=1.50.0-rc.0" }
 arc-swap = "1.6.0"
 async-channel = "1.9.0"
 async-compression = { version = "0.4.6", features = [
diff --git a/dockerfiles/tracing/docker-compose.datadog.yml b/dockerfiles/tracing/docker-compose.datadog.yml
index 91af7d44cf..90cb6c1d6b 100644
--- a/dockerfiles/tracing/docker-compose.datadog.yml
+++ b/dockerfiles/tracing/docker-compose.datadog.yml
@@ -3,7 +3,7 @@ services:
 
   apollo-router:
     container_name: apollo-router
-    image: ghcr.io/apollographql/router:v1.49.1
+    image: ghcr.io/apollographql/router:v1.50.0-rc.0
     volumes:
       - ./supergraph.graphql:/etc/config/supergraph.graphql
       - ./router/datadog.router.yaml:/etc/config/configuration.yaml
diff --git a/dockerfiles/tracing/docker-compose.jaeger.yml b/dockerfiles/tracing/docker-compose.jaeger.yml
index 118c9a1ef9..72459bcf2e 100644
--- a/dockerfiles/tracing/docker-compose.jaeger.yml
+++ b/dockerfiles/tracing/docker-compose.jaeger.yml
@@ -4,7 +4,7 @@ services:
   apollo-router:
     container_name: apollo-router
     #build: ./router
-    image: ghcr.io/apollographql/router:v1.49.1
+    image: ghcr.io/apollographql/router:v1.50.0-rc.0
     volumes:
       - ./supergraph.graphql:/etc/config/supergraph.graphql
       - ./router/jaeger.router.yaml:/etc/config/configuration.yaml
diff --git a/dockerfiles/tracing/docker-compose.zipkin.yml b/dockerfiles/tracing/docker-compose.zipkin.yml
index ed95a66a11..fd02abc1b1 100644
--- a/dockerfiles/tracing/docker-compose.zipkin.yml
+++ b/dockerfiles/tracing/docker-compose.zipkin.yml
@@ -4,7 +4,7 @@ services:
   apollo-router:
     container_name: apollo-router
     build: ./router
-    image: ghcr.io/apollographql/router:v1.49.1
+    image: ghcr.io/apollographql/router:v1.50.0-rc.0
     volumes:
       - ./supergraph.graphql:/etc/config/supergraph.graphql
       - ./router/zipkin.router.yaml:/etc/config/configuration.yaml
diff --git a/helm/chart/router/Chart.yaml b/helm/chart/router/Chart.yaml
index 84ee1b0063..59b6d537fd 100644
--- a/helm/chart/router/Chart.yaml
+++ b/helm/chart/router/Chart.yaml
@@ -20,10 +20,10 @@ type: application
 # so it matches the shape of our release process and release automation.
 # By proxy of that decision, this version uses SemVer 2.0.0, though the prefix
 # of "v" is not included.
-version: 1.49.1
+version: 1.50.0-rc.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "v1.49.1"
+appVersion: "v1.50.0-rc.0"
diff --git a/helm/chart/router/README.md b/helm/chart/router/README.md
index 7603d625a0..7cf70eb9e2 100644
--- a/helm/chart/router/README.md
+++ b/helm/chart/router/README.md
@@ -2,7 +2,7 @@
 
 [router](https://github.com/apollographql/router) Rust Graph Routing runtime for Apollo Federation
 
-![Version: 1.49.1](https://img.shields.io/badge/Version-1.49.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v1.49.1](https://img.shields.io/badge/AppVersion-v1.49.1-informational?style=flat-square)
+![Version: 1.50.0-rc.0](https://img.shields.io/badge/Version-1.50.0--rc.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v1.50.0-rc.0](https://img.shields.io/badge/AppVersion-v1.50.0--rc.0-informational?style=flat-square)
 
 ## Prerequisites
 
@@ -11,7 +11,7 @@
 ## Get Repo Info
 
 ```console
-helm pull oci://ghcr.io/apollographql/helm-charts/router --version 1.49.1
+helm pull oci://ghcr.io/apollographql/helm-charts/router --version 1.50.0-rc.0
 ```
 
 ## Install Chart
@@ -19,7 +19,7 @@ helm pull oci://ghcr.io/apollographql/helm-charts/router --version 1.49.1
 **Important:** only helm3 is supported
 
 ```console
-helm upgrade --install [RELEASE_NAME] oci://ghcr.io/apollographql/helm-charts/router --version 1.49.1 --values my-values.yaml
+helm upgrade --install [RELEASE_NAME] oci://ghcr.io/apollographql/helm-charts/router --version 1.50.0-rc.0 --values my-values.yaml
 ```
 
 _See [configuration](#configuration) below._
diff --git a/scripts/install.sh b/scripts/install.sh
index 9e94e22866..d60660425d 100755
--- a/scripts/install.sh
+++ b/scripts/install.sh
@@ -11,7 +11,7 @@ BINARY_DOWNLOAD_PREFIX="https://github.com/apollographql/router/releases/downloa
 
 # Router version defined in apollo-router's Cargo.toml
 # Note: Change this line manually during the release steps.
-PACKAGE_VERSION="v1.49.1"
+PACKAGE_VERSION="v1.50.0-rc.0"
 
 download_binary() {
     downloader --check