PointState Capital LP Acquires 5.7% Stake in NextNav Inc. (NN)

On May 21, 2026, PointState Capital LP, alongside affiliated reporting persons including SteelMill Master Fund LP and Zachary J. Schreiber, filed a Schedule 13G disclosing a new significant stake in NextNav Inc. (NN). The filing indicates that as of May 15, 2026, the reporting persons collectively beneficially own 7,733,983 shares of NextNav's common stock, representing a 5.7% ownership interest in the company. This acquisition marks a substantial increase from a previous 0% holding, crossing the 5% regulatory threshold. The shares are held for investment purposes and not with the intent to influence or change control of the issuer. PointState Capital LP serves as the investment manager for SteelMill Master Fund LP, while Zachary J. Schreiber maintains control as the managing member of the relevant general partner entities. The reporting persons share voting and dispositive power over the reported shares.