NextNav (NN) Lytham Partners Fall 2026 Investor Conference summary

Strategic positioning and technology overview

• Developing a terrestrial backup and complement to GPS using unique PNT technology and 900 MHz spectrum, addressing security and commercial vulnerabilities of satellite-based GPS.

• Holds 14 MHz of low-band spectrum, valuable for its propagation and penetration, and offers Z-axis (height) measurement, enabling precise indoor location.

Regulatory progress and FCC engagement

• Seeking FCC rule changes to repurpose spectrum for modern technologies, proposing an optimized band plan for PNT and 5G coexistence.

• Notice of Proposed Rulemaking (NPRM) is under interagency review, with significant progress and high confidence in eventual approval.

• SpaceX's involvement in the FCC docket is seen as positive, advocating for dual-use spectrum and specifically supporting NextNav's repositioning request.

Technology validation and commercial partnerships

• Testing in Northern California and Colorado under FCC authorization has demonstrated meter-level accuracy and successful coexistence with other licensees, including railroads.

• Recent partnership with Safran highlights commercial interest and validation, with potential applications in defense and aeronautics leveraging Z-axis capabilities.