#valuation

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 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 circled Workday at $43B.

Canva reduced its 2026 growth forecast from 30% to 20% after reporting roughly $3B in GAAP revenue the prior year. The company entered the year targeting 30% growth before Melanie Perkins disclosed the revised 20% figure mid-year. AI feature costs drove the change, as subsidizing frontier model calls for a prosumer base proved expensive.

Canva reached approximately $3.6B in value while growing at 20%. Adobe reported $23B in revenue at 12% growth and trades at three to four times revenue.

Bending Spoons is acquiring Airtable in an all-cash deal at a $1.285B enterprise value. With Airtable’s net cash, that equates to roughly $2.25B of equity value. The transaction is expected to close by year end, subject to regulatory approval.

Bending Spoons cited approximately $480M ARR as of June 2026 after a pre-signing reorganization that transferred assets and liabilities relating to the Hyperagent business line into a separate entity. The deal values the company at 2.7x ARR.

Washington lifted the 19-day ban on Fable 5. The resolution sets a precedent for a structured pre-approval process before shipping models. Fable is moving to variable per-token pricing in the coming weeks. Most builders are expected to avoid the model at the initial price point.

OpenAI floated the idea that every frontier lab hand the U.S. government a 5% stake. The proposal covers companies including Anthropic. At Anthropic’s valuation that stake equals roughly $50B.