diff --git a/CHANGELOG.md b/CHANGELOG.md
index a747a2426..e0d7605fc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Unreleased
 
+## Version 1.41.0 (2024-11-21)
+
 ### Inferred spans
 
 - Allow customization of parent-override behavior
diff --git a/version.gradle.kts b/version.gradle.kts
index c2c1bd213..aa3b088b5 100644
--- a/version.gradle.kts
+++ b/version.gradle.kts
@@ -1,5 +1,5 @@
-val stableVersion = "1.41.0-SNAPSHOT"
-val alphaVersion = "1.41.0-alpha-SNAPSHOT"
+val stableVersion = "1.42.0-SNAPSHOT"
+val alphaVersion = "1.42.0-alpha-SNAPSHOT"
 
 allprojects {
   if (findProperty("otel.stable") != "true") {