eToro acquires spaceship for $55 million, expanding long-term savings

eToro is acquiring Australian investing app Spaceship in a deal worth up to AUD 80 million ($55 million). This move strengthens eToro’s presence in the Australian market and expands its focus on long-term savings and passive investments. Founded in 2017, Spaceship has over 200,000 clients and manages AUD 1.5 billion ($1 billion) in assets through superannuation and managed funds.

Yoni Assia, eToro’s CEO, emphasized that both companies share the goal of making investing more accessible, with plans to integrate their platforms. Spaceship will continue operating under its own brand, and its clients will gain access to eToro’s investment tools, while eToro users will benefit from Spaceship’s superannuation offerings.

 

Learn how to trade currency pairs, stocks, Crypto, and CFDs on popular assets with Top Forex broker eToro

 

The deal is subject to regulatory approval.

Additionally, eToro’s recent quarterly survey showed a shift among retail investors towards stocks and away from cash assets, with the number of international stock investors growing by 16%. Responding to this trend, eToro has expanded its offerings by adding UK and German stocks to its platform.

Risk disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.