There is a very interesting mmorts in production (closed beta at this time), it is a hobby project of Treeform, game itself is named Angels Fall First : The Second Antarean War
The Second Antarean War is a space mmorts
game. Player takes a role of a fleet commander from a glorious Antarean Empire or United League of Planets and fights for control over systems.
For now we can: join faction, buy ships, attack/defend systems - for that we aquire money (requisition points) and if we are rich we can buy more ships and make more profitable for other players to defend/attack specyfic systems.
Building stations, ships customization, kind of economy simulation, perhaps new faction (npc or not) is in plans just like other interesting stuff, check videos and forums for more info.
There is a "Ships in Game" section for those interested in ships of each side, not all of them are included but still most of them.
These movies will show details of game:
Developer is aiming for game without world reset, ah and yes it will be free.