NextVision insiders cash out $200 million in share sale
Drone camera maker's executives and directors sell stock as foreign institutions rush to gain exposure to one of Israel's hottest defense-tech companies.
Company executives and major shareholders of NextVision are selling shares worth approximately $200 million, Calcalist has learned. The company, which manufactures stabilized cameras for ground and aerial platforms, including drones and UAVs, was listed on the Tel Aviv Stock Exchange in 2021 at a valuation of NIS 400 million and has since surged to a market value of approximately NIS 27 billion ($9.2 billion).
Most of the buyers in the transaction are foreign investors seeking to establish positions in the company, which operates in the fast-growing drone market. According to estimates, around 70% of the investors participating in the deal are global institutional investors, while the remainder are Israeli institutional investors.
The transaction, which is expected to be completed on Wednesday, is being led by investment bank Jefferies. The entire offering consists of secondary shares, meaning that no proceeds will flow into the company's coffers.
Next Vision has previously taken advantage of the sharp rise in its share price to raise capital. In September 2025, the company completed a $400 million fundraising. NextVision shares fell 4% at the close of trading in Tel Aviv Wednesday, and the current transaction is expected to be priced at a slight discount to the closing price.
Despite the sale, the stake held by company insiders is expected to remain relatively high at approximately 29%. Among the largest shareholders in management are Chairman Chen Golan, CTO Boris Kipnis, Director Yosef Sandler and Director Nachman Benchaya.
NextVision develops stabilized cameras for ground and aerial platforms, including drones and UAVs. The company has grown rapidly since its IPO in 2021, with revenue increasing more than tenfold over the period.
The surge in demand for its products has coincided with major geopolitical conflicts, including Russia's invasion of Ukraine in February 2022 and the multi-front war that began in Israel on October 7, 2023, followed by the subsequent conflict with Iran. These events highlighted the growing role of unmanned systems on the modern battlefield, including drones, UAVs, and loitering munitions, and prompted many countries to increase defense spending, particularly on such platforms, for which NextVision supplies critical imaging systems.
