GoPro has agreed to merge with privately held optical-photonics company Starman Optical in a transaction valued at $285 million, or $1.14 per share, for GoPro shareholders. Existing shareholders would retain roughly 10% of the combined company's outstanding shares, while the deal would eliminate about $92 million of debt at closing and leave GoPro with what it described as a substantially debt-free balance sheet. GoPro would remain listed on Nasdaq. The merger is designed to broaden the company beyond action cameras by adding Starman's U.S.-manufactured optical transceivers, devices that transmit data using light, to its portfolio for AI data center infrastructure. The combined company also plans to target defense, government, robotics and aerospace markets while continuing to invest in consumer hardware, subscriptions and cloud services. The transaction has been approved by both boards and is expected to close by the end of 2026, subject to regulatory and stockholder approvals.