Frank Carr
Axon Enterprise stock fell 4.5% to $612.70 on July 8, 2026, even as the taser maker draws fresh scrutiny over President Donald Trump's personal stake and a pending federal contract that could dwarf past deals.
Data as of 2026-07-08Price 612.7 USD Day change -28.83 (-4.5%) 52-week range 366.0 – 665.07 Market cap $51.62B P/E ratio 238.4 EPS (ttm) 2.57 RSI (14) 72.28 Volume 721,978
Trump's Stake and the ICE Contract Timeline
Financial disclosures filed in May with the Office of Government Ethics show Trump bought between $1 million and $5 million worth of Axon shares on February 10. Two weeks later, on February 24, Immigration and Customs Enforcement posted a notice seeking roughly 17,800 new tasers, along with unlimited cartridges and training, under a proposed five year contract worth about $220 million. That contract has not been awarded yet.
The notice itself never mentions Axon by name. But three policing experts and procurement reviewers told CNBC that the listed specifications, a 45 foot range and ten targeted probes among them, point specifically to Axon's Taser 10. Axon controls close to 90% of the taser market in the United States, according to investment firm Brown Advisory. If the order goes through, it would push ICE's taser supply past four times its current inventory of about 4,300 devices.
How Washington Is Responding
White House spokesperson Anna Kelly said Trump's assets sit inside a trust overseen by his children and run by independent managers, adding there are
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