Acquisitions
Acquisition of OpenRouter
Stripe acquires OpenRouter for a reported $8B+, its largest deal ever
Stripe bought model-routing platform OpenRouter for a reported $8B+ (per Axios), mostly in stock — a 6x jump over OpenRouter's $1.3B valuation from its May 2025 raise and Stripe's largest deal ever. The thesis: 'tokens are the new intelligence capital.' OpenRouter routes traffic for four million users with roughly 9% weekly token growth, and Stripe has been building agentic-economy rails like streaming token billing and Link Wallet agent purchases. OpenRouter keeps its brand and team.
>$8B reported price, mostly stock6x jump over the $1.3B May 2025 valuation9%/week OpenRouter token growth