McLean 3D Geolocation Company “NextNav” To Go Public

McLean, Virginia-based NextNav, a company with 3D geolocation technology that can map the inside of tall buildings, will go public through a merger with special purpose acquisition company Spartacus Acquisition Corp. The combined company will trade on the Nasdaq as NextNav Inc. under the ticker symbol “NN” and "NNW.” According to wtop.com, "NextNav’s vertical positioning service can map locations in 3D. It is used by first responders such as firefighters to navigate the interior of multistory buildings and relies on both GPS and its own Position, Navigation, and Timing system. Its geolocation services are used in consumer apps and autonomous driving vehicles. The IPO through the Spartacus SPAC will value the company at $1.2 billion. It expects gross proceeds of up to $408 million to be used to expand its current business and products." As per wtop.com, "Gary Parsons, who founded XM Satellite Radio, serves as NextNav chairman and will continue in that role following the public offering. Spartacus CEO and Chairman Peter Aquino will join the NextNav board when the combination closes. NextNav co-founder and Chief Executive Ganesh Pattabiramann will continue to lead the company. NextNav holds more than 100 patents and licenses for 2.4 billion MHz of wireless spectrum and a network that is now live in more than 4,400 cities covering 90% of all buildings taller than three stories."

Properties in McLean

$875,000: 6730 Melrose Dr

6730 Melrose Dr

Beds: 4 / Baths: 3 full, 1 half baths / Living Area: 2,268 sqft

Welcome to 6730 Melrose Dr, a fantastic 3-level townhome located in the highly sought-after...

Read more...

$515,000: 8220 Crestwood Heights Dr #514

8220 Crestwood Heights Dr #514

Beds: 1 / Baths: 1 full baths / Living Area: 894 sqft

LOCATION! LOCATION! LOCATION! This 1 bedroom 1 bath condo is a MUST SEE and located in the heart...

Read more...

$5,500,000: 1200 Dominion

1200 Dominion

Beds: 7 / Baths: 7 full, 1 half baths / Living Area: 15,923 sqft

Welcome to this spectacular one-of-a-kind custom-built home! This elegant home features a...

Read more...

$1,899,900: 6918 Churchill Rd

6918 Churchill Rd

Beds: 5 / Baths: 4 full, 1 half baths / Living Area: 5,100 sqft

Best of the Best!! Storybook setting in McLean. Custom built 5BR, 4.5BA Craftsman home on 1/3...

Read more...

$390,000: 1800 Old Meadow Rd #1414

1800 Old Meadow Rd #1414

Beds: 2 / Baths: 2 full baths / Living Area: 1,344 sqft

This lovely 2 Bedroom, 2 Bathroom condo has been well maintained by the current owners for many...

Read more...

$3,195,000: 1121 Ormond Ct

1121 Ormond Ct

Beds: 6 / Baths: 6 full, 1 half baths / Living Area: 5,119 sqft

New Construction. Move in ready. Beautiful cul de sac in the Langley School District. Tudor...

Read more...

$2,999,900: 1915 Massachusetts Ave

1915 Massachusetts Ave

Beds: 7 / Baths: 6 full, 2 half baths / Living Area: 7,457 sqft

Introducing 1915 Massachusetts Ave, a one of a kind craftsman style home in the desirable...

Read more...

$820,000: 8360 Greensboro Dr #218

8360 Greensboro Dr #218

Beds: 3 / Baths: 3 full baths / Living Area: 2,097 sqft

Are you looking for luxury, urban convenience, and space for one-level living? This is the one...

Read more...

$1,280,000: 1532 Hampton Hill Cir

1532 Hampton Hill Cir

Beds: 4 / Baths: 3 full, 1 half baths / Living Area: 4,219 sqft

LARGER LUXURY TOWNHOME IN SOUGHT AFTER HAMPTONS OF MCLEAN!! ***BEST VALUE!! *** BEST...

Read more...

Fairfax County, Mclean, , , ,

Maryam

View posts by Maryam
Maryam N. is a Senior Writer at Nesbitt Realty. She is an expert on Fairfax County. Maryam has also worked previously as a geologist. She is a foodie and enjoys cooking and exploring new restaurants.