Stripe Acquires OpenRouter for $7B in AI Deal Wave
Stripe acquired OpenRouter for around $7B four months after a $1.3B valuation, while SpaceX completed a $60B takeover of Cursor and Silver Lake evaluated Workday at $43B.
Stripe bought OpenRouter for around $7B according to SaaStr. The transaction closed four months after OpenRouter was valued at $1.3B. Anthropic turned its first profit in the same period.
SpaceX Completes Cursor Takeover
SpaceX closed its $60B all-stock takeover of Cursor. The deal values the target at roughly 15 times current revenue or under 10 times the $6B it tracks toward by year end. Cursor had reached half a billion in revenue before shifting to a multimodel approach.
Silver Lake Evaluates Workday
Silver Lake circled Workday at $43B. Higgsfield raised at a $5.5B valuation and Lovable raised at a $13.3B valuation on roughly the same revenue.
Additional Context on AI Revenue Math
The math required for AI to reach $600B in revenue includes $100K of tokens per engineer and 30% fewer engineers. These details were discussed on 20VC x SaaStr according to SaaStr.
