Usually an upgrade is to address a specific failing or shortcoming of the gearing or shifting performance.
How is your fatbike's drivetrain not meeting your needs?
On my Mongoose 27.5+ bike that I bought at Kmart, I started with the shifters since the original twist-shifters worked terribly. I used 7s Rapidfire shifters that I already had. I later fitted a Shimano chain because the original chain was an old-fashioned style that shifted sluggish and allowed slippage while shifting.
Finally, I replaced the entire crankset ad bb because the original bb needed constant readjustments and because the original steel crankset weighed almost 3-1/2 pounds.
If your bike has Shimano parts they should work fine already if adjusted properly.
That Moose bike looks like it could use a suspension fork and suspension seatpost. I added a shock post to mine but it came with a suspension fork that only needed boots/gaiters and fresh grease inside to work smoothly for a decent service interval of more than a couple of rides off road. My fork is still a flexible pogo-stick of a fork but that's what a department store bike comes with for $200 USD.
My upgrades doubles the cost of my bike, but now it finishes off-road rides needing little more than chain lube and brake adjustment most of the time.