Stripe in Talks to Buy OpenRouter for ~$10B — 8x Its May Valuation
Axios·medium signal
The Wall Street Journal reported July 24 that Stripe is negotiating to acquire model-routing marketplace OpenRouter for roughly $10 billion, nearly eight times the ~$1.3 billion valuation OpenRouter carried after a May round just months earlier. OpenRouter already runs its own billing on Stripe, and the deal would be Stripe's largest move beyond payments — effectively buying the metering-and-settlement layer between model providers and the developers consuming them. Talks are ongoing and could still collapse; corroborated by Axios, PYMNTS, and Benzinga but not confirmed by either company.