"Survival does not necessarily mean success, though, and GoPro has struggled of late. Sales are down, losses are up, and its stock price essentially flatlined at about $1 two years ago. So, surprise, last month GoPro announced a plan to "explore defense and aerospace market opportunities.""
Investment is flowing into data center construction, battery and energy storage businesses that support data centers, and defense startups seeking government contracts. Ford’s early energy storage efforts and Redwood Materials’ data center energy storage focus have drawn significant investor funding and improved stock performance. Cerebras’ IPO also reflects strong market appetite for data center-related technology. Defense funding continues at scale, including large rounds for companies pursuing defense contracts. GoPro, facing declining sales, rising losses, and a stagnant stock price, announced plans to explore defense and aerospace opportunities. The initial stock reaction faded, and GoPro later moved to hire an investment bank to evaluate options.
Read at TechCrunch
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