Hypothetically, no, the float type would not admit NaNs. You would be prevented from storing NaNs in them explicitly, and operations capable of producing NaNs would produce a `float | nan` type that is distinct from float, and can't be treated like float until it's checked for NaN.
And I'm not sure why it's being discussed as though this is some esoteric language feature. This is precisely the way non-nullable types work in languages like Kotlin and TypeScript. The underlying machine representation of the object is capable of containing null values, yes, but the compiler doesn't let you treat it as such (without certain workarounds).