"It's such a delicate science and this being the first private space flight up there. With the take-off it's quite easy to get the times right, but re-entry's not so easy,'' said AUT spokeswoman Georgina Hammond.
The professors were "so disappointed'', she added.
"We're watching and we've been told we will be called in if needed, but what's happened is it's passed over us, passed out of the New Zealand skies ...''
Not all is lost. The professors are contracted to track the next 11 missions by SpaceX, about four a year.
Professor Stuart Weston was meant to be one of two men at the observatory tracking the Dragon, and this morning told APNZ it was a childhood dream coming true.
"I'm just over 50, I grew up during the Apollo era, I was a little kid watching the Apollo and then I thought wouldn't it be great to work for Nasa, to be involved in the space industry, or something like that, for me it's like a childhood dream about 40 years later.''
AUT's Institute of Radio Astronomy and Space Research was approached by SpaceX about a year ago and asked to track Dragon's re-entry into the atmosphere because of New Zealand's location and AUT's experience with space agencies including Nasa.
Institute director Professor Sergei Gulyaev said New Zealand would become more involved in space flights thanks to its ``fantastic'' location on the globe.
Initial flights by SpaceX, owned by PayPal founder Elon Musk, will deliver cargo.