Scoop: Stripe says "the singularity" has begun
8 mins ago - Business
Scoop: Stripe says "the singularity" has begun
- Dan Primack,
- Ryan Lawler
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- Stripe says 88% of the Forbes AI 50, including OpenAI and Anthropic, are building on its platform, while the share of its revenue from AI and crypto companies has more than doubled year over year.
- In February, the company was valued at $159 billion in an employee tender offer, up from $91.5 billion a year earlier.
- Stripe is also pursuing an acquisition of PayPal with Advent International, reportedly offering $53 billion for the payments company.
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Illustration: Aïda Amer/Axios
Stripe on Wednesday told investors that January 1st marked the "beginning of the singularity," which it refers to as a major inflection point in longterm trends, according to a letter obtained by Axios.
Why it matters: Stripe believes that being privately held is the best structure for such a consequential moment, which suggests that any IPO remains on indefinite hold.
By the numbers: The payments giant said that first-half revenue rose 41% year-over-year and that free cashflow rose 43%.
Zoom in: Stripe today also confirmed its acquisition of OpenRouter. No sale price was disclosed, including in the investor letter, but Axios has learned that it was for more than $8 billion (mostly in stock).
Context: Stripe last said businesses on its platform generated $1.9 trillion in payment volume in 2025, up 34% year over year.
Below is the full investor letter:
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