Axon to Invest About $1.2 Billion in Skydio

Axon announced an approximately $1.2 billion investment that would add about 20% to its fully diluted ownership of Skydio, at a $5.2 billion pre-money valuation. Axon will become Skydio’s exclusive public-safety distributor in the U.S. and Canada. Closing is expected in Q4 2026 and Q1 2027, subject to customary conditions.