WSJ News Exclusive | Next-Generation GPS Firm NextNav Nears SPAC Deal to Go Public

NextNav is close to a SPAC deal that would take the next-generation GPS firm public and value it at about $1.2 billion

the people said. Spartacus is focused on deals in the technology, media and telecom industries. The combination is expected to be announced in the coming days.

Existing NextNav investors include funds managed by Fortress and funds managed by Goldman Sachs Asset Management. XM Satellite Radio founder Gary Parsons is the chairman of NextNav’s board.

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