I read, or at least scanned through his kickstarter page, and I was of the impression that this is not in fact a re-make of Elite, but a new game entirely, but with simplified gameplay akin to the original Elite. Correct me if I'm wrong on that front, of course.
Elite is a game I'll need to sit down and really play at some point. I tried GL Frontier a while ago and found it to be really... unreliable. All-in-all, however, I don't see what, despite a new-found budget, makes this worth investing in over the fan-made Elite clones available for free. The said budget promises potentially impressive visuals and what have you, but Breben really failed to emphasize what would be new and worth seeing in a revamped game that can't be achieved either now or in the future with open-source projects.