The game has been in development for quite a while and is a very small team. Think of taking Terraria and combining it with space exploration. The pre-orders just started up and should be out sometime this year, but the lowest price will come with beta access (when it's out) and the soundtrack. Also, it comes with a DRM-free and Steam versions of the game too.
It will be full co-op as well. Crafting, building, researching, going from planet to planet and so on. You can make any planet you come across you come across as your home planet. You can play as different races that are geared toward different things.