[MT] Vendor: Microsoft Corporation
[MT] Renderer: GDI Generic
[MT] Driver version: 1.1.0
[MT] OpenGL version: 1.1.0
[MT] GLSL version: 0.0
[MT] Extensions: NONE
[MT] CRITICAL ERROR: Old OpenGL version (1.1.0). Ignoring and continue startup.
[MT] CRITICAL ERROR: Old GLSL version (1.1.0). Ignoring and continue startup.
[MT] CRITICAL ERROR: Required OpenGL extensions are missing:
It detects default drivers, and it cuts short just when is trying to determine how much of your videoRAM from your computer can be used.
From the log we can only infer that your PC is a dual core with 2GB of RAM. I guess it could be possible that Spaceengine is failing in examining your system, though.
What exactly are your computer specifications, RAM, graphic card and operating system?