Spaceship Super has reached $1 billion in funds under management (FUM), marking a significant milestone for the innovative superannuation fund. The achievement represents a 25% increase from around $800 million in February 2024, driven by strong investment performance.
The fund offers two investment options that maintain a high-growth approach. GrowthX delivered 25.13% returns over the 2024 calendar year, while Global Index returned 24.42% over the same period. (Past performance is not a guide to, or reliable indicator of, future performance.) This performance has successfully attracted members seeking exposure to international and Australian growth assets in their superannuation strategy. Spaceship Super currently serves around 20,000 active members across Australia.
"Reaching $1 billion in funds under management is a testament to our commitment to long-term investing and the trust our members place in the strategy of our investment options," said Andrew Moore, CEO of Spaceship.
"Spaceship Super clearly resonates with members looking to maximise their long-term retirement savings."
The milestone reinforces Spaceship Super's position in Australia's competitive superannuation landscape, particularly among growth-oriented investment options.
About Spaceship
At Spaceship, we're on a mission to transform the way people think about and invest their money. We started in 2017 with Spaceship Super, and in 2018 we launched Spaceship Voyager, which is making investing easy for everyone. In 2023, we launched a new US Investing service. Since launch, we have grown to more than 200,000 financial members and surpassed $1.5 billion in combined funds under management – but we're just getting started. In November 2024, Spaceship was acquired by eToro, the trading and investing platform.
Media Contact
Bryna Howes
pr@spaceship.com.au