Axon invests $1.2 billion in drone maker Skydio, becomes its U.S. public safety distributor
Overview
Axon Enterprise says it invested $1.2 billion in Skydio, a drone manufacturer valued at $5.2 billion, for a 20% ownership stake.
Axon also becomes Skydio's exclusive public safety distributor in the U.S. and Canada. Axon says Skydio expects about $1 billion in bookings this fiscal year.
The deal is subject to customary closing conditions and is expected to close in late 2026 or early 2027.
Written by AI from the articles below · updated Nov 10, 8:56 AM ET
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- The Robot ReportNewsAxon invests $1.2B in Skydio and becomes its U.S. public safety distributor
AIAxon Enterprise said it invested $1.2 billion in Skydio, a drone manufacturer valued at $5.2 billion, gaining a 20% ownership stake. Axon also becomes Skydio's exclusive public safety distributor in the U.S. and Canada, and says Skydio expects about $1 billion in bookings this fiscal year. The deal is subject to customary closing conditions and is expected to close in late 2026 or early 2027.
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