CITIC Construction Investment: Global mobile phone direct satellite connection race, pay attention to commercial aerospace investment opportunities

36Kr learned that CITIC Construction Investment's research report stated that SpaceX has invested $17 billion to acquire EchoStar's 50MHz gold spectrum resources, marking the entry of global mobile direct satellite competition into a strategic positioning phase. This move allows SpaceX to break free from reliance on terrestrial operators' spectrum, enabling direct satellite connections for ordinary mobile phones through chip embedding technology, and enhancing service capabilities from text to voice and streaming data. By adopting a hybrid model of "self-operated in remote areas + urban cooperation," SpaceX is building satellite communication capabilities that cover the globe. During the same period, our country has introduced policies to support the development of mobile direct satellite connections, accelerating constellation networking and the commercialization of private rockets. The entire commercial aerospace industry chain is ushering in development opportunities, but spectrum scarcity, technology maturity, and the sustainability of business models remain core variables