GoPro Sold for $285M, Pivots to AI

GoPro Sold for $285M, Pivots to AI

Engraving of a compact action camera symbolizing GoPro's sale and AI pivot

The News

GoPro, the action-camera company that once defined an era of adventure video, is being acquired in a $285 million merger with an optical-photonics firm called Starman Optical — and says it is moving into AI data centers.

Under the deal announced Tuesday morning, GoPro shareholders get $1.14 per share and keep roughly 10% of the combined company, which will remain publicly traded. GoPro's $92 million in outstanding debt is wiped out.

GoPro shares jumped as much as 80% on the news, the Financial Times reported.

Timeline

2014

GoPro goes public, briefly touching a $4 billion valuation on its first day of trading, according to Reuters.

The decade after: pushes into drones and 360-degree cameras fail to stick, and the company runs multiple rounds of layoffs as it narrows back to high-end action cameras for pros and athletes.

June 2026

GoPro warns shareholders it may go out of business without new funding.

July 2026

founder and CEO Nick Woodman puts $20 million of his own money into the company to keep it running.

Monday, Aug. 31

it is revealed that YouTuber and filmmaker Markiplier — Mark Fischbach — has amassed an 8.5% stake, making him GoPro's largest individual shareholder. The stock rises.

Aug. 31

Starman Optical is incorporated in Delaware — one day before the merger is announced.

Tuesday, Sept. 1

the $285 million merger is announced.

Reactions

"We expect this merger to enable GoPro to grow across consumer, commercial and defense markets as a leading American imaging and optical solutions company, addressing important areas of national security related to cameras, optics and AI infrastructure," Woodman said in a statement.

Charles Tebele, CEO of parent company Starman Holdings, framed it as a reshoring play: "Advanced optics and imaging are essential to AI, national security, and the broader economy, yet much of the critical hardware supporting these technologies continues to be manufactured overseas." He said the combined company intends "to bring production of these critical components back to the United States."

Coverage agrees on the terms but splits on the buyer. TechCrunch noted that Starman Optical "doesn't have a significant track record to judge its performance" and was incorporated in Delaware only the day before the announcement. Engadget put GoPro in the same category as shoemaker Allbirds — another consumer brand making an unexpected turn into AI infrastructure.

What's Next

The merger needs shareholder approval, regulatory sign-off and standard closing conditions. Both companies expect it to close by the end of 2026.

GoPro says it will keep making its action cameras and running its subscription and cloud services while adding Starman's optical transceivers — the parts that move data inside AI data centers — and chasing defense, government, robotics and aerospace work.

More

Starman Optical bills itself as an optical-photonics company focused on domestic manufacturing of optical transceivers through its Starman New Photonics business, which appears to have been created in 2025 and is building a plant in New Jersey.

Starman Holdings, the parent, also owns the consumer accessory brands Incase, Incipio and Griffin.

Reporting: TechCrunch, Engadget, Financial Times.

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