Tofi Stoler, CTech

Rafael and businessman Avihai Stolero offered to acquire Aeronautics at a valuation of $231 million, nearly twice as high as their $116.6 million bid rejected by the Israeli drone maker in August

According to the original agreement announced in March, the deal should have become void when Spacecom failed to pay the down payment within 60 days

The cube-shaped satellites are equipped with micro cameras, sensors, and antennas