On November 5, 2026, Axon, a global leader in public safety technology, announced an additional $1.2 billion investment in Skydio, the largest U.S.-based drone manufacturer and a world leader in flying robots. The agreement, which will add approximately 20 percent to Axon's fully diluted ownership in Skydio at a $5.2 billion pre-money valuation, builds on a partnership that is already bringing Skydio drones to public safety agencies across the U.S., marking a major expansion of Axon's Drone as First Responder (DFR) program. Axon will also become Skydio's exclusive distributor for public safety in the U.S. and Canada. Wilson Sonsini Goodrich & Rosati advised Skydio on the transaction.

The investment includes both primary capital to Skydio and the purchase of shares from existing Skydio shareholders, with a portion of the cash consideration providing growth capital to accelerate innovation, expand Skydio's product portfolio, and bring new drone capabilities to customers faster.

The Wilson Sonsini team that advised Skydio on the transaction was led by Rezwan Pavri, Colin Conklin, and Chris Paniewski. The team also included:

Corporate
Rich Mullen
Richa Sharma
Will Andrews
Ryan Cooper
Partha Vora
Isaac Reed
Kennedy Myers
Jack McRae

Technology Transactions
Frank Hwang

Tax
Jonathan Zhu
Anjali Krishnan

Employee Benefits and Compensation
David Thomas
Megan Schilling

Delaware Corporate
Amy Simmerman
James Griffin-Stanco
Jason Schoenberg
Teddy Kotler
MK O’Boyle

Regulatory
Jamillia Ferris
Mike Casey
Matthew McDonald
Deirdre Carroll
Kimberley Biagioli
Georgia Cooper-Dervan
Jack Davies
Hedi Thlibi
Alexander Wong
Nimit Dhir
Andrew Morrison
Jahna Hartwig
Seth Cowell
Michelle Zang

For more information, please see Axon’s news release.