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."

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$2,700,000: 867 Canal Dr

867 Canal Dr

Beds: 6 / Baths: 5 full, 1 half baths / Living Area: 5,498 sqft

This spectacular award-winning home is a McLean oasis, boasting a swimming pool and spectacular...

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$870,000: 1650 Silver Hill Dr #1804

1650 Silver Hill Dr #1804

Beds: 2 / Baths: 2 full baths / Living Area: 1,160 sqft

SELLER TO CREDIT BUYER FOR ONE YEAR OF CONDO FEES AT SETTLEMENT. Luxury all around. Luxury...

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$450,000: 1951 Kennedy Dr #1951

1951 Kennedy Dr #1951

Beds: 2 / Baths: 2 full, 1 half baths / Living Area: 1,248 sqft

OPEN HOUSE SATURDAY, October 8 from 1-3 PM. Beautifully renovated townhouse nestled in the...

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$4,750,000: 1219 Mottrom Dr

1219 Mottrom Dr

Beds: 6 / Baths: 7 full, 1 half baths / Living Area: 9,185 sqft

OPEN TUESDAY, 12-3 PM Walnut Hill is ideally located just minutes to McLean, Tysons Corner and...

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$1,899,900: 1221 Merchant Ln

1221 Merchant Ln

Beds: 6 / Baths: 3 full, 2 half baths / Living Area: 2,264 sqft

Opportunity to own a single family home in Mclean! .70 Acres , 6BR/3Full and 2 half bath...

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$2,650,000: 6907 Blue Star Dr

6907 Blue Star Dr

Beds: 6 / Baths: 6 full, 1 half baths / Living Area: 4,727 sqft

Welcome home to this almost 7,000 sq. ft. modern home to be delivered late fall 2022....

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$1,899,000: 1306 Skipwith Rd

1306 Skipwith Rd

Beds: 5 / Baths: 5 full, 1 half baths / Living Area: 4,804 sqft

Incredible location between 2 airports, minutes to Washington, DC, METRO, Union Station and...

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$2,995,000: 1121 Ormond Ct

1121 Ormond Ct

Beds: 6 / Baths: 6 full, 1 half baths / Living Area: 7,259 sqft

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

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$2,995,000: 1122 Ormond Ct

1122 Ormond Ct

Beds: 6 / Baths: 6 full, 1 half baths / Living Area: 7,315 sqft

Price Reduction. New Construction by Courtland Homes. Move in ready. 6 BR, 6.5 BA. Additional...

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Maryam

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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.