GoPro Agrees to $285 Million Merger With Starman Optical

GoPro has agreed to merge with Starman Optical in a $285 million transaction that will reposition the action-camera maker toward AI infrastructure, government, defense and aerospace while keeping it publicly listed. The deal would pay GoPro shareholders $1.14 per share, leave them with approximately 10% of the combined company and repay GoPro’s roughly $92 million in outstanding debt. GoPro said the transaction is expected to close by the end of 2026, subject to shareholder and regulatory approval.