Speculation about Raiz taking an interest in Spaceship?

Article in the AFR today about Spaceship mentions Raiz

”The business was expected to have been shown to larger players such as Mercer or AMP, which could have bought it in whole, as well as smaller ones like Raiz and Superhero, where a merger would make sense.”

If Raiz acquired Spaceship, I wonder how sticky the Spaceship subscribers would be?

Raiz has a portfolio of passive ETFs (plus crypto and some property), where Spaceship also has an actively managed fund. Would those Spaceship investors stick with Raiz if active fund management was no longer an option for them?

However, it would be a quick way for Raiz to increase its Australian subscriber base (which is already cash flow positive). Thoughts?

Disclosure: I have funds in Spaceship & Raiz, and also a Raiz shareholder.