Axon Invests 1.2 Billion in Skydio
Axon Enterprise is investing 1.2 billion dollars to increase its stake in drone maker Skydio to 37 percent. At the same time, the company lowered its annual revenue growth forecast and missed profit estimates.
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AXON ENTERPRISE INC will invest $1.2 billion in Skydio and trim its full-year 2026 revenue growth forecast to about 30%, sending shares down 14%. The TASER manufacturer also missed third-quarter profit estimates as it navigates deployment adjustments. The transaction increases Axon's stake in the drone maker to about 37%, valuing Skydio at $5.2 billion pre-money.
