Stripe’s most recent benchmark valuation of $159 billion, established in its February 2026 employee tender offer, reflects 49% growth from the prior September level and was supported by $1.9 trillion in 2025 payment volume (up 34% year-over-year) plus its revenue suite approaching a $1 billion annual run rate. With June 30 resolution only days away and no new tender, funding round, or IPO filing reported since February, secondary trading has remained near $160 billion. Trader consensus on implied probabilities assigns near-certain weight to outcomes below higher thresholds, as any material re-rating would require an unexpected liquidity event or major corporate announcement in the narrow remaining window.