No Man's Sky Next is a free update that will add some pretty impressive new content to No Man's Sky. You can check out the trailer below, which showcases true multiplayer, third-person options, and, for the first time, ringed planets. The game has also received a visual overhaul, bases can be built on any planet, and you will be able to "assemble and upgrade a fleet of frigates and command them from the bridge of your freighter."

No Man's Sky Next arrives on PlayStation 4 and PC on July 24. That date also marks the game's release on Xbox One, which will included all the bonuses of the Next update.