Even GoPro is pivoting to defense
Want to make money? Start building data centers. Or build batteries to power data centers. Or: pivot to defense.
This is not financial advice, but it’s certainly what seems to be winning over public markets and private investors lately. Ford’s nascent energy storage business — a fraction in size to Tesla’s and won’t be ready until next year — helped its stock jump more than it has in years. Redwood Materials raised $425 million from blue chip companies like Google and Nvidia by pivoting to data center energy storage. Cerebras just pulled off one of the hottest IPOs of 2026.
Investment in defense startups continues to pour in, with Anduril raising another $5 billion this week. It seems that any company with a remote chance at nabbing government contracts is trying to do just that.
Which brings us to GoPro.
The action camera company has survived a...
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