Business Source-linked briefing

Axon Pours $1.2 Billion Into San Mateo Drone Maker Skydio, Locks Up Exclusive Deal

Axon announced a $1.2 billion investment in San Mateo-based Skydio, valuing the drone maker at $5.2 billion and naming Axon its exclusive U.S. distributor.

Tony Ng

Original contributor via Hoodline

| November 9, 2026 | 1 min read | Updated Nov 10, 11:00 AM

Axon Pours $1.2 Billion Into San Mateo Drone Maker Skydio, Locks Up Exclusive Deal — Image supplied with the source report: Hoodline.

Axon announced a $1.2 billion investment in San Mateo-based Skydio, valuing the drone maker at $5.2 billion and naming Axon its exclusive U.S. distributor.

Source disclosure

This is a source-linked briefing. Read the original report from Hoodline .