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Axon announces a $1.2 billion Skydio investment and distribution deal

Axon announced an additional $1.2 billion investment in Skydio, through cash and stock, mixing primary capital with purchases of existing shares. The companies also announced exclusive Axon distribution of Skydio drones to public-safety customers in the US and Canada. The deal is expected to close in late 2026 or early 2027, subject to conditions. Skydio’s stated $5.2 billion pre-money valuation is not money raised or proof of success.

Axon

Skydio investment and distribution agreement

Funding & Deals

Published (date only)

Updated

1 source

Primary source · Axon · November 5, 2026

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