Spaceship Super Review (2026) — Is It Worth It for Young Investors?

Spaceship Super is a digital-first, APRA-regulated super fund targeting young Australians. It is operated by Spaceship Capital (the same company behind the Spaceship Voyager investment platform). Spaceship Super is designed with a simple, app-based user experience and technology-heavy investment portfolios.

Key Facts

Investment Options

Spaceship Super offers a small number of distinctive investment options:

• Universe: A global portfolio heavily weighted to technology, innovation, and growth companies (Apple, Microsoft, Alphabet, Amazon, Tesla, etc.)
• Earth: ESG/sustainable focus — companies considered to be “making the world a better place”
• GrowthX: Diversified growth with ASX and international exposure, lower concentration in tech
• Balanced: Lower risk, more traditional allocation

The Universe option is notably concentrated in US technology stocks — offering high growth potential but also higher risk and lower diversification than traditional balanced funds.

Fees

Spaceship’s fee structure:

• Under $100,000: No administration fee — only investment management fee
• Over $100,000: Administration fee applies

Investment management fees (ICR) for Universe and Earth are higher than passive index options but competitive for an active product.

For current fee information, check the Spaceship Super PDS at spaceship.com.au.

Performance

The Universe option’s performance is heavily correlated to US tech stocks. It has experienced:

• Strong returns during tech bull markets (2019–2021)
• Significant drawdowns during tech corrections (2022)
• Performance highly dependent on the direction of a narrow set of global tech companies

The high concentration means Spaceship Universe is more volatile than a diversified industry fund. Check the ATO YourSuper tool for current comparable performance data.

Insurance

Spaceship Super offers insurance (death and TPD), but coverage may be more limited than established industry funds. Check the insurance terms carefully, particularly the automatic acceptance amounts.

Who Spaceship Super Suits

• Young investors (under 40) with a long time horizon who want tech-sector exposure in super
• Members comfortable with higher volatility in exchange for potential higher long-term returns
• Members who prefer an app-based experience over a traditional fund

Caution: High concentration in technology/US growth stocks means Spaceship Universe is NOT suitable as a sole super fund for risk-averse or older members.

Frequently Asked Questions

Is the Spaceship Universe option a diversified super fund? No — the Spaceship Universe option is heavily concentrated in global technology and growth companies. While it holds companies across multiple countries, the portfolio is not diversified across sectors in the traditional sense — it is explicitly focused on tech-centric businesses. This makes it a high-risk, high-potential-return option rather than a balanced or diversified core super holding. It is most suited as an aggressive satellite allocation rather than a full super strategy for most members.

Has Spaceship Super passed the APRA performance test? Check the ATO’s YourSuper tool (ato.gov.au/yoursuper) for the current APRA performance test result for Spaceship’s MySuper product. Spaceship’s performance will be highly correlated with global technology sector performance — it may outperform in tech bull markets and underperform significantly during tech corrections. The APRA performance test measures 8-year risk-adjusted benchmark-relative performance, which may capture periods of both significant outperformance and underperformance.

What happens to my Spaceship Super if Spaceship goes out of business? Your super balance is held in trust by the fund’s trustee, separate from Spaceship’s company assets. If Spaceship as a company failed, APRA would ensure member balances are protected and the fund’s affairs are wound up in an orderly way, with members’ balances transferred to another fund. Super assets are not on the company’s balance sheet and cannot be used to pay Spaceship’s creditors. This is a fundamental protection under the SIS Act for all super fund members.

How does Spaceship’s fee compare on a percentage basis? Spaceship charges a flat $2.50/month fee plus a 0.10% p.a. management fee on balances under $100,000, moving to a blended annual fee above that. For a $50,000 balance, the flat $2.50/month component represents 0.06% p.a. — making the total approximately 0.16% p.a. For a $10,000 balance, the flat fee represents 0.30% p.a. in addition to the management fee. Fee structure can change — check Spaceship’s current PDS for up-to-date figures.

Is Spaceship suitable as my only super fund? For most members, using Spaceship as your only super fund is high-risk due to the sector concentration of the investment options. If you want exposure to technology-sector growth, Spaceship’s Universe option could be a portion of your overall super allocation. Members who choose Spaceship should understand: (1) the correlation risk between their fund and tech sector valuations, (2) that standard balanced/growth industry fund options provide broader diversification, and (3) that super is a long-term investment where volatility management matters.

How is Spaceship regulated? Spaceship Super is regulated by APRA as a registrable superannuation entity. It holds an RSE licence and its trustee is required to act in members’ best financial interests under the SIS Act. ASIC also regulates Spaceship’s financial services licence. Despite being a fintech startup, Spaceship must meet all the same regulatory requirements as large industry funds, including the APRA annual performance test and the member protection standards.

Past performance is not a reliable indicator of future performance. For advice on whether Spaceship Super suits your situation, speak with a licensed financial adviser via MoneySmart. For more: Superhero Super Review, Super Fund Comparison Table.