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But we saved everything 🙂.
Harry Stebbings comments on why the acquisition of OpenRouter by Stripe is a logical move.
He points out that Stripe has a strong track record with acquisitions, including in its push into crypto, and suggests that if the company is comfortable with mergers and acquisitions, deploying an amount equivalent to 5% of its market cap plus cash for this deal is reasonable given their ambitions.
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Stebbings has recently described OpenRouter as a major AI company with hundreds of millions in revenue and processing 25 trillion tokens weekly, highlighting its rapid growth in the sector. He also previously reported on Airtable’s $1.285 billion sale and Moonshot AI’s $3.5 billion funding round in separate high-profile industry moves. More details on OpenRouter’s performance can be found here, and coverage of the recent acquisition activity is available here.