FCC Sends Draft Terrestrial PNT Rulemaking to OMB as NextNav Operates 5G GPS Backup

Overview

• The FCC transmitted a draft notice of proposed rulemaking on terrestrial positioning, navigation and timing to the White House Office of Management and Budget.
• The draft is in interagency review with NTIA and OMB, and NextNav says it has not seen the text because it is not yet public.
• NextNav is operating what it calls the world's first 5G-powered PNT network under an experimental license, moving from lab testing toward early commercialization.
• An expanded partnership with Japan's MetCom signals international interest in 3GPP-aligned terrestrial PNT as management underscores GPS gaps and jamming risks.
• The company reported $152 million in cash and a roughly $48 million non-cash fourth-quarter loss tied to derivative and warrant valuation, with potential warrant proceeds in 2026.