GoPro is merging with Starman Optical. GPRO holders get $1.14 in cash plus 10% of the combined entity. Nobody knows what it'll be worth. Drag the slider to guess. The math is real.
$1.14 cash + $4.00 for your slice of the 10%
+157% vs the current tape
What is the market already pricing in at the current price?
GoPro (NASDAQ: GPRO) announced a definitive merger agreement with Starman Optical on September 1, 2026. Starman is a privately held optical-photonics company that plans to point GoPro's imaging patents at AI data centers, defense, and aerospace.
GoPro shareholders receive $285 million in aggregate cash, about $1.14 per share, and keep roughly 10% of the combined company. GoPro's $92 million of debt gets repaid at closing. The deal is expected to close by the end of 2026, pending a stockholder vote and regulatory approval.
The catch: Starman has published no revenue, customer, or production numbers. So the value of that retained 10% is a guess until the merger proxy drops. That is what the slider above is for.
The math: per share = $1.14 + (10% × valuation) ÷ 250M shares. Every $2.5B of combined value adds $1.00 per share. The number assumes the deal closes as signed, with no haircut for deal risk or the wait until it does. The $1.14 is subject to adjustment based on GoPro's net working capital at closing, and GoPro has been burning cash. The deal is expected to close by year-end 2026, pending a stockholder vote and regulatory approval. Starman Optical is private and has not disclosed revenue, customers, or production scale, so every valuation on this page is a guess, including yours. This is a toy, not financial advice. Not affiliated with GoPro, Inc. or Starman Optical, Inc. Built by @Blaine_Tarr.