GoPro said September 1 that it had reached a definitive agreement to merge with Starman Optical in a transaction valued at about $285 million. The announcement puts the action-camera company on a new corporate path while keeping its consumer products and subscription services in the plan.
Under the proposed terms, Starman Optical would pay GoPro shareholders $1.14 per share. GoPro shareholders would retain about 10% of the combined company, while the deal is expected to close by the end of 2026 if the required conditions and approvals are met.
The transaction also addresses GoPro’s debt. The company said the deal would repay about $92 million in outstanding debt. That figure comes from the company announcement and describes the proposed transaction, not a completed repayment.
GoPro said the merged business will continue supporting its consumer products. The company also described a broader product roadmap across consumer, commercial and defense markets, but the announcement did not provide a product-by-product schedule.
Starman Optical brings a different technology focus. TechCrunch reported that the company describes itself as an optical-photonics business working on optical transceivers and related photonics technology through its Starman New Photonics business.
Optical transceivers convert electrical signals to optical signals and back again for high-speed data connections. The source reports connect that work with AI data centers and other strategic markets, but the merger announcement does not promise a specific GoPro-branded transceiver product.
The company said the combination would use GoPro’s optical expertise and intellectual property alongside Starman’s transceiver capabilities and U.S. manufacturing platform. Those statements describe the proposed business rationale and remain subject to the closing process.
TechCrunch reported that Starman Optical was incorporated in Delaware on August 31. It also reported that Starman New Photonics appears to have been created in 2025 and is building a manufacturing facility in New Jersey.
GoPro went public in 2014 and later tried categories that included drones and 360-degree cameras. TechCrunch also reported that the company had warned shareholders in June about funding pressure before founder and CEO Nick Woodman put $20 million into the business in July.
Readers searching for GoPro stock should separate the market query from the confirmed corporate event. The reported facts concern a proposed merger, its stated consideration, debt treatment and technology direction; they do not establish a future share price or investment outcome.
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