Thought I should mention their kickstarter:
https://www.kickstarter.com/projects/309114309/infinity-battlescape

I have been following their development for the last 3-4 years. It will be fantastic.
Have a side of screenshots from the game engine...
https://forums.inovaestudios.com/t/i-novae-engine-screenshot-thread/582

They put a lot of effort into ray tracing, atmospheric scattering, procedural planet generation, and other things for their game engine. I really wish them the best.
Cheers.

[edit]
Have a link with a third party description.
http://gamerant.com/infinity-battlescape-kickstarter-100-player-space-battles/

Doesn't look ray traced to me...

Here is a video they just released