GoPro Acquired by Starman Holding for $285 Million, Expanding into Defense and Aerospace

Published
Source
TheVerge.com
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RobotToday Industry Briefing

GoPro has been acquired by Starman Holding for $285 million, marking a significant shift for the company. Previously known for consumer action cameras, GoPro's CEO Nick Woodman now positions the company as a leader in imaging and optical solutions for national security, focusing on defense and aerospace sectors.

This acquisition comes shortly after YouTuber Mark 'Markiplier' Fischbach became GoPro's largest shareholder, holding 8.5% of the company. Starman Holding's CEO Charles Tebele emphasized the merger's potential to combine GoPro's optical expertise with Starman's manufacturing capabilities, aiming to bring critical component production back to the U.S.

Looking ahead, GoPro plans to maintain its consumer product lines while exploring new opportunities in defense and aerospace consulting. The deal is expected to close by the end of the year, although further details regarding the transition and shareholder plans remain undisclosed.

Original report

GoPro has been acquired and is getting into ‘defense, government, robotics and aerospace’

TheVerge.com · Sean Hollister
Read at TheVerge.com

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