Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 96

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 96
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 electrical distribution systems depend on GPS-based timing, the mobile app economy relies on location to create innovative services and to drive data and advertising revenue, and public safety and E911 saves lives every day with the use of location services. 

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GPS has powered the global economy for nearly 40 years. Without high-precision timing from GPS, cellular systems would quickly fail and the distribution of electricity would be impacted, while GPS-based location facilitates everything from aviation and wireless 911 location to the mobile app economy. Based on research performed for NIST by RTI in 2019, for example, GPS alone is calculated to have provided nearly $1.4 trillion to the U.S. economy in the aggregate between 1984 and 2017, with nearly a quarter of that value, exceeding $300 billion, delivered in the last year of their analysis. In 2018, the European Union estimated the economic contribution of “GNSS” to their economies to be EUR1.2 trillion. Driving that growth has been the significant adoption of GPS in devices of all kinds, growing from 600 million devices in 2015 in the U.S. to 900 million devices in 2019, according to information presented to the National Space-Based PNT Advisory Board by the National Coordination Office for Space-Based PNT. GPS and GNSS services, however, have inherent, demonstrated vulnerabilities that put these and other space-based services at risk.

In October 2024, we commissioned The Brattle Group (“Brattle”), an economic consulting firm, to calculate the economic value of a terrestrial PNT backup and complement to GPS. In its 2024 report, Brattle focused on two broad groups of benefits: (i) the value to specific segments of the economy; and (ii) the value to the military. Brattle estimated that a one-day global GPS outage could cost the American economy $1.6 billion, and NextNav’s terrestrial PNT proposal could prevent a loss of $663 million to the American economy. For a 30-day outage, the loss could be as large as $58.2 billion, and the NextNav proposal could prevent $31.9 billion of that loss. Given the probability of outage events, Brattle estimated the value to the American economy of the proposed terrestrial PNT approach to be $10.8 billion. Brattle found that the value of added resilience to the military is $3.8 billion, based on the military’s willingness to pay for GPS