According to a research report from CITIC Construction Investment, SpaceX has secured EchoStar's prime 50MHz spectrum resources for a staggering $17 billion, a move that underscores its strategic positioning in the fierce global race for direct satellite-to-smartphone connectivity. Leveraging cutting-edge chip embedding technology, SpaceX empowers conventional smartphones to establish direct links with satellites. This technological leap expands service offerings from mere text messaging to encompass voice calls and streaming media data, thereby eliminating the dependency on terrestrial operators' spectrum. SpaceX's approach combines self-operation in remote regions with urban partnerships to construct a worldwide satellite communication network. In parallel, China has rolled out supportive policies to foster the growth of direct satellite-to-smartphone connectivity, expediting constellation networking and the commercialization of privately-owned rockets. While the commercial space industry chain is poised for growth, it faces significant hurdles such as spectrum scarcity, technological maturity, and the long-term viability of business models.