This features a focus on capital ships and the patched together hulks akin to Firefly and BSG instead of the fresh-off-the-production-line ships of other recent games.
There will be random generated systems to explore and various factions to play with/against. The trailer shows a few of the factions, which they say took some inspiration from Star Control 2. Trailer
Combat looks like it plays like a space version of a naval ship game, with firing arcs and talk of broadsides and control limited to a 2d access. Equipment is being tied to a random drop ala "every game you've played with a random loot generator". Campaign with a post-ending free-form sandbox mode.