Huaxi Securities stated that the country is accelerating the construction of commercial aerospace, which will promote the popularization of applications such as direct satellite connection for mobile phones and Beidou short messaging. The satellite network serves as the foundation for 6G network construction and currently meets the 6G standards and construction timelines. Since August, relevant departments have indicated that they will issue satellite internet licenses, marking a crucial step forward in the commercial operation of satellite internet in China and expected to drive the large-scale development of the entire industry chain. Currently, the development of satellite internet is robust, with regular constellation launches enhancing communication capacity and reducing latency. Meanwhile, applications such as direct broadband satellite connection for mobile phones and low-orbit satellite-connected intelligent driving systems are expected to land rapidly. It is recommended to continuously monitor the beneficiaries related to satellite communication and satellite IoT.