Donald Crowhurst

$NN could be a $50+ stock. But there's a catch. The bull case hinges on unlocking the value of NextNav's 900 MHz spectrum. Here's the upside, the downside, and the FCC decision that could change everything. 🧵👇 $NN $TSLA $TMUS $T $VZ $ASTS $SBAC $AMT $CCI $SPCX @elonmusk @CalgaryLeveen 2/8 NextNav ($NN) owns nationwide 900 MHz spectrum licenses. Think of spectrum as an invisible highway for wireless signals. If regulators allow broader broadband use, that highway could become much more valuable. 3/8 🚀 THE BULL CASE SpaceX just agreed to acquire a nationwide low-band spectrum portfolio in a deal reported at roughly $8B. That deal could give investors a new comparison for valuing spectrum. Could $NN benefit? That's the opportunity. 4/8 💰 WHAT COULD $NN BE WORTH? 🔴 Bear: $4–$5 — transition blocked 🟡 Base: $11.45 — uncertainty continues 🟢 Bull: $50–$58 — broadband transition unlocks value These are illustrative scenarios based on the supplied analysis, not guaranteed outcomes. 5/8 ⚠️ THE BIG RISK No successful transition, no bull case. If $NN can't unlock broader spectrum use, investors may value it far below the optimistic estimates. Cash burn and the cost of turning spectrum into real revenue matter, too. 6/8 🌌 WHAT COULD SEND IT HIGHER? Watch for two potential catalysts over the next 1–2 quarters: A favorable FCC development. A spectrum-leasing deal with a major carrier. Together, they could make the opportunity more tangible. 7/8 The disconnect: At $11.45, the supplied bull case points to enormous upside. But $50–$58 depends on regulatory progress and successful monetization—not just the headline price of another spectrum deal. Big potential. Big uncertainty. 8/8 The SpaceX spectrum deal has put wireless competition and spectrum values in the spotlight. I'm watching $NN for a different angle on the story. Who's following this trade? Follow the spectrum, telecom and satellite trade—and share your take on $NN. 👇