Axon Invests $1.2 Billion in Skydio to Build the Future of Drone as First Responder
PR Newswire•05/11/2026•16:01 ET
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Key Highlights
- ➤Axon (AXON) invests approximately $1.2 billion in Skydio
- ➤Investment adds approximately 20% to Axon’s fully diluted Skydio ownership
- ➤Axon becomes Skydio’s exclusive public-safety distributor in U.S. and Canada
- ➤Skydio expects approximately $1 billion in total bookings this fiscal year
- ➤Transactions are expected to close in Q4 2026 and Q1 2027
Expert Statements
Rick Smith, Founder and CEO of Axon
“Within a decade, millions of drones will be working across America. Skydio is positioned to lead in every sector they touch”
Rick Smith, Founder and CEO of Axon
“Axon is taking a major stake in one of the most valuable categories in tech, and Skydio stays free to move fast. With exclusive channel rights, Axon will widen its lead in public safety drones as Skydio builds the future of American aerial robotics. Two companies, each the best at what it does, will build something far bigger than either could alone”
Adam Bry, CEO of Skydio
“Axon has been an incredible partner in bringing our drones to public safety customers across the U.S.”
Adam Bry, CEO of Skydio
“We're excited to deepen that partnership with Axon becoming our exclusive channel for U.S. and Canadian public safety. This investment strengthens our ability to accelerate our technology roadmap, scale our impact in public safety and continue advancing autonomous flight across every critical industry we serve.”
Axon Invests $1.2 Billion in Skydio to Build the Future of Drone as First Responder PR Newswire
With an expanded partnership, Axon becomes exclusive Skydio distributor for public safety in the U.S. and Canada
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