GoPro, the well-known maker of action cameras, has announced a $285 million merger with Starman Optical, a company specializing in optical-photonics technology. This merger is expected to allow GoPro to enter the fast-growing market for artificial intelligence (AI) data centers and expand into new areas such as defense, government, robotics, and aerospace. The deal is seen as a major strategic shift for GoPro, which is best known for its popular line of wearable cameras used by adventurers and content creators.
Under the terms of the merger, GoPro shareholders will receive $285 million once the deal is finalized, and they will retain about 10 percent ownership of the combined company. GoPro also plans to use part of the merger funds to pay off its existing debt of around $92 million. The deal still needs approval from GoPro’s shareholders, as well as regulatory agencies, and GoPro expects the transaction to be completed by the end of 2026.
GoPro will continue to manufacture its popular action cameras and maintain its subscription and cloud services. However, the company also plans to integrate Starman Optical’s optical transceivers—devices that transmit data using light—into its operations. This move is expected to help GoPro gain a foothold in the growing market for AI infrastructure, which relies heavily on high-speed data transmission technologies. The company described this as an opportunity to "extend the Company's reach into the large and rapidly growing market for AI infrastructure in optical transceivers."
This shift into AI infrastructure follows a similar unexpected move by Allbirds, a shoe company that also expanded into new tech areas. GoPro had previously reached a valuation of $4 billion on its first day as a publicly traded company in 2014, but its stock has struggled in recent years. Recently, however, its share price saw a boost when it was revealed that YouTuber and filmmaker Markiplier had become GoPro’s largest individual shareholder after acquiring an 8.5 percent stake in the company.
GoPro Announces Merger with Starman Optical, Expands into AI Data Center and Defense Markets
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