Upgrade yourself to ELITE

Go to Mars High in the Sol system (0,0).  Buy the mining
laser as your front laser.  Now go to Phobos, the Mars moon
and shoot at from between 0.5 and 1km and speed up time
by a 100.  After about 5 minutes of doing this you should
be an Elite!

Travel Further

With this you can travel very far away with little fuel.
Basicly, there is a bug in the program and you can make
hyperspace jumps of roughly 656 lightyears and its multiples
(1300, 2600, etc...)