Stripe in advanced talks to acquire OpenRouter for around $10B

Stripe has entered advanced negotiations to acquire OpenRouter for approximately $10 billion, according to Bloomberg, marking one of the largest deals in the AI infrastructure space. Reports on the potential acquisition surfaced on July 23, 2026, and discussions are now said to be exclusive. No agreement has yet been finalized. OpenRouter, founded in New York in 2023, gives developers a single API to access over 500 large language models from more than 60 providers. Instead of wiring up separate connections to OpenAI, Anthropic, Google, and others, a developer hits one endpoint and routes traffic wherever they want. The platform processes trillions of tokens monthly and serves millions of developers. From $1.3B to $10B in months The company raised a funding round in May 2026 that valued it at $1.3 billion. The current negotiations value it at approximately $10 billion, a jump of over seven times in roughly three months. Stripe’s interest here is not purely financial. The company already processes payments for OpenRouter, with cross-integration allowing OpenRouter to utilize payment methods including credit cards, Alipay, and Google Pay. Buying a company you already bill gives Strip...