Skydio

Axon Invests $1.2B in Skydio, Wins Exclusive US-Canada Channel

Scottsdale – November 05, 2026 -- Axon (Nasdaq: AXON) is investing an additional $1.2 billion in drone maker Skydio at a $5.2 billion pre-money valuation, adding about 20% to its fully diluted ownership. The deal also makes Axon the exclusive distributor of Skydio drones for public safety in the U.S. and Canada.

Investment mixes cash and Axon stock, with primary and secondary components

The roughly $1.2 billion consists of cash and Axon stock, subject to final transaction terms. It includes primary capital to Skydio and purchases of shares from existing Skydio shareholders. A portion of the cash is earmarked as growth capital to speed innovation, expand Skydio's product portfolio and bring new drone capabilities to customers faster.

The transactions are expected to close in the fourth quarter of 2026 and the first quarter of 2027, subject to customary closing conditions.

Axon Pays $1.2B for 37% Skydio Stake, Trims 2026 Outlook

Scottsdale – November 05, 2026 -- Axon has made the largest single investment in its history, putting $1.2 billion into drone maker Skydio and raising its fully diluted ownership to 37%. The company also became Skydio's exclusive public safety distributor in the U.S. and Canada, and reported third-quarter Software & Services revenue up 43% year over year to $437 million.

Skydio deal extends Axon's reach into Drone as First Responder

Skydio expects about $1 billion of bookings this fiscal year. Axon says deployed Skydio docks through Axon Air have more than doubled year over year.

Axon acts as a direct channel partner, and revenue is recognized on a net basis in Software & Services. Axon plans to combine Skydio with Axon 911, Axon Fusus, digital evidence and Dedrone airspace security into one integrated platform. Skydio remains free to pursue aerial robotics across other industries.