Stripe confirmed it is buying OpenRouter, and the deal was reported to involve payments between multiple parties rather than a disclosed public price. The New York Times said Stripe paid $7.5 billion, up from OpenRouter’s $1.3 billion valuation in May, with founders reportedly receiving $1.5 billion. The acquisition is expected to let Stripe embed itself in AI-related capital flows by using OpenRouter’s model-routing capability while OpenRouter continues operating independently for now.
SpaceX attempted to acquire AI coding startup Cognition, but Cognition’s CEO Scott Wu denied the claim that any deal talks took place. The report references SpaceX’s $60 billion acquisition of Cursor that closed last week. As a result, Cognition said it is not for sale and that talks haven’t occurred, even as the companies could still explore cooperation.
Stripe is acquiring AI startup OpenRouter to add a multi-model routing layer to its AI spending products. The reported deal price is $7.5 billion, with a closing expected in the coming weeks. OpenRouter’s name, product, roadmap, and integrations are set to stay the same, and routing decisions will continue to be user-driven.
Oakley Capital agreed to acquire a majority stake in Graphwise, an enterprise AI data platform company formed in 2024 from a merger. Graphwise has grown organic ARR by over 30% per year. The deal hands control to Oakley, enabling management to accelerate international expansion and pursue additional acquisitions.
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