Israel invested some $17 million into the Israel telescope "Taubaks" project but a series of failures led to its collapse, Israel Radio reported on Tuesday.
The telescope was developed and built for over 20 years at Tel
Aviv University and at the company Elop, according to Israel Radio.
Early last decade, Israel allegedly signed an agreement with India that the telescope would be launched with an Indian rocket, but the launch was delayed repeatedly and eventually canceled after the Indian rocket crashed 18 months ago.
Since then, the team reportedly did not find another partner for the telescope, and Israel's space agency allegedly decided to shelve the plan. The decision was apparently also based upon fiscal considerations.