2024-02-08 09:25:00 ET
Summary
- NextNav owns the rights to 8 MHz of wireless spectrum in the 900 MHz band which has been earmarked by the federal government for Location and Monitoring Service.
- This means that NN has two business lines, one which adds vertical axis capability to the existing GPS network and one that is a next-generation GPS system.
- I expect that within the next few weeks, NextNav will formally ask the FCC to repurpose a portion of its spectrum away from LMS and toward broadband.
- Upon successfully “splitting” the spectrum, NN is likely to sell or lease to the highest bidder, which could lead to a dramatic re-rating in share price in the not-too-distant future.
The following segment was excerpted from this fund letter.
NextNav Inc. ( NN )
There is a lot to hate about NextNav. On the surface, it is a busted SPAC that consummated a merger with an investor presentation that tied the value of the go-forward company to flying taxis. Flying taxis are miles away from my core process, so one may wonder how NN made its way into our portfolio....
Read the full article on Seeking Alpha
For further details see:
Laughing Water Capital - NextNav: Putting The Band Back Together