diff --git a/Makefile b/Makefile
index 234c6d2b60..60da07044d 100644
--- a/Makefile
+++ b/Makefile
@@ -190,7 +190,7 @@ IMPORT_BOSS_VER := v0.28.1
 IMPORT_BOSS := $(abspath $(TOOLS_BIN_DIR)/$(IMPORT_BOSS_BIN))
 IMPORT_BOSS_PKG := k8s.io/code-generator/cmd/import-boss
 
-CAPI_HACK_TOOLS_VER := e7a751ff1efec495ce85f0fa90e83851a9da996a # Note: this the commit ID of CAPI v1.10.0-rc.0
+CAPI_HACK_TOOLS_VER := 5f91df6e370cfbd634529e14f1bdbd5367303de3 # Note: this the commit ID of CAPI v1.10.0-rc.1
 
 BOSKOSCTL_BIN := boskosctl
 BOSKOSCTL := $(abspath $(TOOLS_BIN_DIR)/$(BOSKOSCTL_BIN))
diff --git a/go.mod b/go.mod
index c68c1ad98f..2ce932f2c1 100644
--- a/go.mod
+++ b/go.mod
@@ -2,7 +2,7 @@ module sigs.k8s.io/cluster-api-provider-vsphere
 
 go 1.23.0
 
-replace sigs.k8s.io/cluster-api => sigs.k8s.io/cluster-api v1.10.0-rc.0
+replace sigs.k8s.io/cluster-api => sigs.k8s.io/cluster-api v1.10.0-rc.1
 
 replace github.com/vmware-tanzu/vm-operator/pkg/constants/testlabels => github.com/vmware-tanzu/vm-operator/pkg/constants/testlabels v0.0.0-20240404200847-de75746a9505
 
diff --git a/go.sum b/go.sum
index 50b7c94d05..d52f71f191 100644
--- a/go.sum
+++ b/go.sum
@@ -421,8 +421,8 @@ k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738 h1:M3sRQVHv7vB20Xc2ybTt7ODCeFj6J
 k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
 sigs.k8s.io/apiserver-network-proxy/konnectivity-client v0.31.0 h1:CPT0ExVicCzcpeN4baWEV2ko2Z/AsiZgEdwgcfwLgMo=
 sigs.k8s.io/apiserver-network-proxy/konnectivity-client v0.31.0/go.mod h1:Ve9uj1L+deCXFrPOk1LpFXqTg7LCFzFso6PA48q/XZw=
-sigs.k8s.io/cluster-api v1.10.0-rc.0 h1:D+89GG2aqx9Jdor+8p5d5AdosA4iMcBbtZaETdHLmH4=
-sigs.k8s.io/cluster-api v1.10.0-rc.0/go.mod h1:aiPMrNPoaJc/GuJ4TCpWX8bVe11+iCJ4HI0f3c9QiJg=
+sigs.k8s.io/cluster-api v1.10.0-rc.1 h1:ht1WX/gmFvl17zq8o3qnRM6qqMsZAUHN6m6CFZvh6rI=
+sigs.k8s.io/cluster-api v1.10.0-rc.1/go.mod h1:aiPMrNPoaJc/GuJ4TCpWX8bVe11+iCJ4HI0f3c9QiJg=
 sigs.k8s.io/controller-runtime v0.20.4 h1:X3c+Odnxz+iPTRobG4tp092+CvBU9UK0t/bRf+n0DGU=
 sigs.k8s.io/controller-runtime v0.20.4/go.mod h1:xg2XB0K5ShQzAgsoujxuKN4LNXR2LfwwHsPj7Iaw+XY=
 sigs.k8s.io/json v0.0.0-20241010143419-9aa6b5e7a4b3 h1:/Rv+M11QRah1itp8VhT6HoVx1Ray9eB4DBr+K+/sCJ8=
diff --git a/packaging/go.mod b/packaging/go.mod
index f1ba481ed5..2031b2381c 100644
--- a/packaging/go.mod
+++ b/packaging/go.mod
@@ -2,7 +2,7 @@ module sigs.k8s.io/cluster-api-provider-vsphere/packaging
 
 go 1.23.0
 
-replace sigs.k8s.io/cluster-api => sigs.k8s.io/cluster-api v1.10.0-rc.0
+replace sigs.k8s.io/cluster-api => sigs.k8s.io/cluster-api v1.10.0-rc.1
 
 replace sigs.k8s.io/cluster-api-provider-vsphere => ../
 
diff --git a/packaging/go.sum b/packaging/go.sum
index 5d8d3caf0e..75b9a3f315 100644
--- a/packaging/go.sum
+++ b/packaging/go.sum
@@ -233,8 +233,8 @@ k8s.io/kube-openapi v0.0.0-20241105132330-32ad38e42d3f h1:GA7//TjRY9yWGy1poLzYYJ
 k8s.io/kube-openapi v0.0.0-20241105132330-32ad38e42d3f/go.mod h1:R/HEjbvWI0qdfb8viZUeVZm0X6IZnxAydC7YU42CMw4=
 k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738 h1:M3sRQVHv7vB20Xc2ybTt7ODCeFj6JSWYFzOFnYeS6Ro=
 k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
-sigs.k8s.io/cluster-api v1.10.0-rc.0 h1:D+89GG2aqx9Jdor+8p5d5AdosA4iMcBbtZaETdHLmH4=
-sigs.k8s.io/cluster-api v1.10.0-rc.0/go.mod h1:aiPMrNPoaJc/GuJ4TCpWX8bVe11+iCJ4HI0f3c9QiJg=
+sigs.k8s.io/cluster-api v1.10.0-rc.1 h1:ht1WX/gmFvl17zq8o3qnRM6qqMsZAUHN6m6CFZvh6rI=
+sigs.k8s.io/cluster-api v1.10.0-rc.1/go.mod h1:aiPMrNPoaJc/GuJ4TCpWX8bVe11+iCJ4HI0f3c9QiJg=
 sigs.k8s.io/controller-runtime v0.20.4 h1:X3c+Odnxz+iPTRobG4tp092+CvBU9UK0t/bRf+n0DGU=
 sigs.k8s.io/controller-runtime v0.20.4/go.mod h1:xg2XB0K5ShQzAgsoujxuKN4LNXR2LfwwHsPj7Iaw+XY=
 sigs.k8s.io/json v0.0.0-20241010143419-9aa6b5e7a4b3 h1:/Rv+M11QRah1itp8VhT6HoVx1Ray9eB4DBr+K+/sCJ8=
diff --git a/test/e2e/config/vsphere.yaml b/test/e2e/config/vsphere.yaml
index 309ed4b542..d64ac53068 100644
--- a/test/e2e/config/vsphere.yaml
+++ b/test/e2e/config/vsphere.yaml
@@ -27,7 +27,7 @@ providers:
     type: CoreProvider
     versions:
       - name: "v1.10.99"
-        value: "https://storage.googleapis.com/k8s-staging-cluster-api/components/v1.10.0-rc.0/core-components.yaml"
+        value: "https://storage.googleapis.com/k8s-staging-cluster-api/components/v1.10.0-rc.1/core-components.yaml"
         type: "url"
         contract: v1beta1
         files:
@@ -76,7 +76,7 @@ providers:
     type: BootstrapProvider
     versions:
       - name: "v1.10.99"
-        value: "https://storage.googleapis.com/k8s-staging-cluster-api/components/v1.10.0-rc.0/bootstrap-components.yaml"
+        value: "https://storage.googleapis.com/k8s-staging-cluster-api/components/v1.10.0-rc.1/bootstrap-components.yaml"
         type: "url"
         contract: v1beta1
         files:
@@ -125,7 +125,7 @@ providers:
     type: ControlPlaneProvider
     versions:
       - name: "v1.10.99"
-        value: "https://storage.googleapis.com/k8s-staging-cluster-api/components/v1.10.0-rc.0/control-plane-components.yaml"
+        value: "https://storage.googleapis.com/k8s-staging-cluster-api/components/v1.10.0-rc.1/control-plane-components.yaml"
         type: "url"
         contract: v1beta1
         files:
@@ -303,14 +303,14 @@ providers:
 
 variables:
   # Ensure all Kubernetes versions used here are covered in patch-vsphere-template.yaml
-  KUBERNETES_VERSION_MANAGEMENT: "v1.33.0-beta.0"
+  KUBERNETES_VERSION_MANAGEMENT: "v1.33.0-rc.0"
   # Note: currently not ci/latest-1.33 because of rate-limiting issues.
-  KUBERNETES_VERSION_MANAGEMENT_LATEST_CI: "v1.33.0-beta.0"
-  KUBERNETES_VERSION: "v1.33.0-beta.0"
+  KUBERNETES_VERSION_MANAGEMENT_LATEST_CI: "v1.33.0-rc.0"
+  KUBERNETES_VERSION: "v1.33.0-rc.0"
   KUBERNETES_VERSION_UPGRADE_FROM: "v1.32.0"
-  KUBERNETES_VERSION_UPGRADE_TO: "v1.33.0-beta.0"
+  KUBERNETES_VERSION_UPGRADE_TO: "v1.33.0-rc.0"
   KUBERNETES_VERSION_LATEST_CI: "ci/latest-1.33"
-  CPI_IMAGE_K8S_VERSION: "v1.33.0-beta.0"
+  CPI_IMAGE_K8S_VERSION: "v1.33.0-rc.0"
   CNI: "./data/cni/calico/calico.yaml"
   AUTOSCALER_WORKLOAD: "./data/autoscaler/autoscaler-to-management-workload.yaml"
   CONTROL_PLANE_MACHINE_COUNT: 1
diff --git a/test/go.mod b/test/go.mod
index 1e82d0405d..2cda0c77e7 100644
--- a/test/go.mod
+++ b/test/go.mod
@@ -2,9 +2,9 @@ module sigs.k8s.io/cluster-api-provider-vsphere/test
 
 go 1.23.0
 
-replace sigs.k8s.io/cluster-api => sigs.k8s.io/cluster-api v1.10.0-rc.0
+replace sigs.k8s.io/cluster-api => sigs.k8s.io/cluster-api v1.10.0-rc.1
 
-replace sigs.k8s.io/cluster-api/test => sigs.k8s.io/cluster-api/test v1.10.0-rc.0
+replace sigs.k8s.io/cluster-api/test => sigs.k8s.io/cluster-api/test v1.10.0-rc.1
 
 replace sigs.k8s.io/cluster-api-provider-vsphere => ../
 
diff --git a/test/go.sum b/test/go.sum
index d7d1ea84e0..3420a6c2c5 100644
--- a/test/go.sum
+++ b/test/go.sum
@@ -515,10 +515,10 @@ k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738 h1:M3sRQVHv7vB20Xc2ybTt7ODCeFj6J
 k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
 sigs.k8s.io/apiserver-network-proxy/konnectivity-client v0.31.0 h1:CPT0ExVicCzcpeN4baWEV2ko2Z/AsiZgEdwgcfwLgMo=
 sigs.k8s.io/apiserver-network-proxy/konnectivity-client v0.31.0/go.mod h1:Ve9uj1L+deCXFrPOk1LpFXqTg7LCFzFso6PA48q/XZw=
-sigs.k8s.io/cluster-api v1.10.0-rc.0 h1:D+89GG2aqx9Jdor+8p5d5AdosA4iMcBbtZaETdHLmH4=
-sigs.k8s.io/cluster-api v1.10.0-rc.0/go.mod h1:aiPMrNPoaJc/GuJ4TCpWX8bVe11+iCJ4HI0f3c9QiJg=
-sigs.k8s.io/cluster-api/test v1.10.0-rc.0 h1:OgpsT8KZMom0zsypVQ6nPQhlHXnhyMwUE5Bl7kgAkow=
-sigs.k8s.io/cluster-api/test v1.10.0-rc.0/go.mod h1:CYFajf4HhV5zhoiPl+m5Omk0a3WtnyXHtFVPqWIcUy4=
+sigs.k8s.io/cluster-api v1.10.0-rc.1 h1:ht1WX/gmFvl17zq8o3qnRM6qqMsZAUHN6m6CFZvh6rI=
+sigs.k8s.io/cluster-api v1.10.0-rc.1/go.mod h1:aiPMrNPoaJc/GuJ4TCpWX8bVe11+iCJ4HI0f3c9QiJg=
+sigs.k8s.io/cluster-api/test v1.10.0-rc.1 h1:JtW17xLh8PKrxw6tGQPl5pBxBF6taV83eKcw/vwht/Q=
+sigs.k8s.io/cluster-api/test v1.10.0-rc.1/go.mod h1:CYFajf4HhV5zhoiPl+m5Omk0a3WtnyXHtFVPqWIcUy4=
 sigs.k8s.io/controller-runtime v0.20.4 h1:X3c+Odnxz+iPTRobG4tp092+CvBU9UK0t/bRf+n0DGU=
 sigs.k8s.io/controller-runtime v0.20.4/go.mod h1:xg2XB0K5ShQzAgsoujxuKN4LNXR2LfwwHsPj7Iaw+XY=
 sigs.k8s.io/json v0.0.0-20241010143419-9aa6b5e7a4b3 h1:/Rv+M11QRah1itp8VhT6HoVx1Ray9eB4DBr+K+/sCJ8=