NextNav: GPS Backup Promises $14.6 Billion in Economic Benefits

WASHINGTON, Oct. 25, 2024 – NextNav, a geolocation company, has made a bold case for a terrestrial GPS backup system, saying it could shield the U.S. economy from potential losses of up to $663 million per day during GPS outages. 

Supported by a new economic analysis, NextNav’s latest filing with the Federal Communications Commission underscored the economic and strategic value of dedicating part of the 900 MegaHertz spectrum band to this system.

This proposal, already the subject of industry debate over the need for GPS resilience, now comes with fresh support: an economic analysis commissioned by NextNav from The Brattle Group, which values the proposed system at $14.6 billion for the U.S. economy.