Stripe’s secondary-market trading has lifted implied valuations to the $180–185 billion range as of mid-October 2026, following the $159 billion February tender offer at roughly $62–63 per share. Forge and other platforms report share prices near $72, reflecting a roughly 14–23% increase since the last priced round and continued investor appetite for exposure to agentic commerce and stablecoin infrastructure. Recent acquisitions, including OpenRouter at approximately $7.5 billion, underscore Stripe’s push into AI-driven payments, while founders have emphasized the advantages of remaining private amid rapid sector shifts. With resolution approaching in mid-October 2026, near-term secondary prints and any additional tender activity will determine whether the market crosses the queried threshold before month-end.