We already have concentrated microwave beams. And they do suffer immense energy loss on longer distances.
If you want to transfer energy via microwaves, your efficency will reach single digits real fast on any meaningful distance.
You are right that the inverse square law doesn't realistically apply with concentrated beams. But you still have energy loss. Lots of it.
But don't take my word for it. https://www.nature.com/articles/s41598-022-25251-w
I'll be honest, I didn't exactly proof read every word either.
I think what they meant with parabolic reflector is the reciever. They mentioned they 3d printed a reciever to achieve recors breaking efficency (short range). It's not so easy to gather and convert the microwaves into electric energy. And it's probably not very easy to create a concentrated beam either.
But that was my interpretation. I'm not going to pretend I understand everything about this. I could be wrong.
I think the technology to have satellites charge drones in the sky is at least 50 years away.