For the last week, we'd been reporting that Snapchat founder Evan Spiegel was ready to propose to girlfriend Miranda Kerr -- and that's just what happened! The tech billionaire asked his girlfriend to marry him -- and the Aussie model said yes!

The mother of one took to Instagram almost immediately to share the happy news with the world, posting an image of the stunning sparkler and the caption, "I said yes!!! ❤️😍❤️😍❤️."

Last week we had reported that the twosome had been going strong since they started dating a year ago that Evan had been looking at rings.

This isn't Miranda's first time down the aisle -- she was married to Orlando Bloom, whom she shares 5-year-old son Flynn with, from 2011 to 2013), but she and Evan will still be pulling out all the stops for the wedding.

The pal told that they want to have an “extravagant wedding, in true Evan style." The friend added, "Miranda certainly won’t mind!"

Until they walk down the aisle, the 33-year-old her younger, 26-year-old billionaire will be getting cozy in the $12 million Brentwood mansion (formerly owned by Harrison Ford) that they purchased in May. The home is a 7,164-square-foot home with a pool, gym, pool house and guesthouse on a three-quarter–acre lot.

Back in January, the former Victoria’s Secret Angel gushed about her younger but mature man, telling The Edit, she had “the best of both worlds” with him. “He’s 25, but acts like he’s 50,” explained Kerr. “He’s not out partying. He goes to work in [L.A.'s] Venice [Beach]. He comes home. We don’t go out. We’d rather be at home and have dinner, go to bed early."

Interestingly enough, the Aussie also said that she and her ex have an agreement about bringing their son meeting significant others: “We had to know the person for six months and feel good about them. Evan met Flynn, so, yeah, things are going well. Orlando thinks he’s great. We’re just a modern family now!"

Glad they made that all that official!

I said yes!!! ❤️😍❤️😍❤️

A photo posted by Miranda (@mirandakerr) on