Stripe Acquires OpenRouter for $7B — Major AI Infrastructure Consolidation
Stripe buying OpenRouter for $7B is a massive signal for the model routing layer's value — 50x revenue multiple, 70% gross margins, 5x token growth in 6 months. This aligns with focus on AI infra and builder platforms. Impacts builders using OpenRouter for multi-model access and signals consolidation in the AI API aggregation space.
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Updated Aug 18, 2026