Scoop: Stripe says "the singularity" has begun

Scoop: Stripe notes "the singularity" has begun. Add Axios as your preferred source to.

Key points

• Stripe additionally stated its share cost has compounded at 31% since its Series D, versus 14% for the S&P 500 and 18% for the Nasdaq.
• Context: Stripe last remarked businesses on its platform generated $1.9 trillion in payment volume in 2025, up 34% year over year.
• In February, the firm was valued at $159 billion in an employee tender offer, up from $91.5 billion a year earlier.
• According to By the numbers: The firm, first-half revenue rose 41% year-over-year and that free cashflow rose 43%.
• Stripe is additionally pursuing an acquisition of PayPal with Advent International, reportedly offering $53 billion for the payments business.

While the share of its revenue from AI and crypto businesses has more than doubled year over year, stripe notes 88% of the Forbes AI 50, including OpenAI and Anthropic, are building on its platform.

Zoom in: Stripe today additionally confirmed its acquisition of OpenRouter. No sale cost was disclosed, including in the investor letter, but Axios has learned that it was for more than $8 billion (mostly in stock).

Between the lines: Stripe informed investors that remaining private enables it to fund acquisitions and long-term investments without diluting them.

It remarked its share count is lower than it was three years ago, even after significant M&A.

Stripe is additionally pursuing an acquisition of PayPal with Advent International, reportedly offering $53 billion for the payments business. Below is the full investor letter. Open embedded content from documentcloud.org.

In short, scoop: Stripe says " the singularity" has begun is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.