Seems like it has a ton of potential, but as it stands I had problems. It definitely seemed like the game was made to be a lot larger than 64x64 and was compressed down, with a lot of effects like missile trails being anywhere from thick, visible lines to near invisible occasional dots and the ship itself being very flickery, even when zoomed in. I played for several minutes and didn't find a single enemy, which hampered my experience - actually flew from end to end of the "universe" and only found one large ship other than the one you start near, which seemed to neither react to me firing repeatedly at it, nor fire back itself. I'm guessing there is combat in the game from the screenshots, but I couldn't locate it.
I'd love to see how this turned out with extra content added, some helpful additions like an enemy tracker etc, and probably most importantly, a resolution upscaling.