Gray Timothy sold $163K of NN

SpaceX's $8B spectrum deal could boost low-band spectrum value, benefiting Anterix (ATEX), NextNav (NN), and Gogo (GOGO). Roth Capital estimates GOGO's spectrum at $2.3B. AVNW and CRNT may also gain. ASTS fell 15%. T, VZ, TMUS declined 9-13%. ATEX, NN, GOGO shares rose 2.7-10%.

NextNav (NN) stock surged 10.3% after hitting a 52-week low, rebounding from a selloff triggered by an FCC regulatory delay. The company seeks to repurpose its 900 MHz spectrum for 5G-powered GPS backup, with support from SpaceX. Clear Street maintains a Buy rating. The broader market recovery also supported the rally.

NextNav reported Q2 2026 revenue of $1.15M, down from $1.20M a year prior, and a net loss of $33.76M, primarily due to noncash losses. The company converted $190M in convertible debt to common stock and redeemed public warrants, ending with $298M in liquidity. NextNav highlighted partnerships and progress in 3D PNT technology, including a SpaceX filing supporting its spectrum proposal and timing accuracy of 20 nanoseconds.

NextNav (NASDAQ:NN) highlighted Q2 developments on an earnings call. The FCC submitted a draft rulemaking on PNT technologies, and SpaceX filed an ex parte letter referencing NextNav’s 900 MHz proposal. NextNav also cited partnerships with Safran and Tiami Networks, Z-axis placement on a Tier 1 partner’s devices, and about 20 ns timing accuracy.

NEXTNAV INC. (NN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 NextNav Inc. Reports Second Quarter 2026 Results and Operational Highlights RESTON, VA., August 11, 2026 -- NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and op

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