diff --git a/Makefile b/Makefile
index 1c9a916e2a..ab1c398c14 100644
--- a/Makefile
+++ b/Makefile
@@ -46,7 +46,7 @@ RELEASE_OUT ?=
 TELEPORT_TAG = 3.2.17
 # TELEPORT_REPOTAG adapts TELEPORT_TAG to the teleport tagging scheme
 TELEPORT_REPOTAG := v$(TELEPORT_TAG)
-PLANET_TAG := 7.0.62-$(K8S_VER_SUFFIX)
+PLANET_TAG := 7.0.63-$(K8S_VER_SUFFIX)
 PLANET_BRANCH := $(PLANET_TAG)
 K8S_APP_TAG := $(GRAVITY_TAG)
 TELEKUBE_APP_TAG := $(GRAVITY_TAG)