Axon takes a 20% stake in drone maker Skydio for about $1.2 billion

Axon will invest roughly $1.2 billion in cash and stock in Skydio, valuing the drone maker at $5.2 billion, and becomes its exclusive public safety distributor in the US and Canada. The deal, expected to close between late 2026 and early 2027, is meant to expand Axon's Drone as First Responder program, while Skydio will use part of the cash to grow its product line.

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