GoPro forms cash-backed tie-up with Starman to boost US-made AI optics
GoPro announced a definitive merger with Starman Optical in a roughly $285 million cash deal, with GoPro shareholders receiving $1.14 per share and maintaining about 10% ownership post-close; GoPro’s debt (~$92 million) will be repaid, yielding a substantially debt-free balance sheet. The deal expands GoPro into AI infrastructure via Starman’s optical transceivers, with production expected in the United States (New Jersey) aided by a $37.5 million New Jersey tax credit. GoPro will remain a listed company and continue supporting its consumer products, subscriptions, and growth plans. The announcement sparked a sharp stock rally and followed news that YouTuber Markiplier built an ~8.5% stake, underscoring investor interest amid questions about Starman’s history and the timing of the deal.