Honestly I can't recommend this game enough. The developers being absolute chads is reason enough for me. let me give you the timeline of updates so you can make your own opinion though.

The Foundation Update - November 2016
Now you can build a base on planets and farm resources from them as well as a plethera of other things you can use to make a base that really fits your needs and looks good while you're at it.

The Pathfinder Update - March 2017
Now you can build underground garages in those bases and drive a whole fleet of vehicles around the planet for easy access to places starships can't get to. And it also looks bad-ass.

The Atlas Rises Update - August 2017
Now instead of aimlessly wandering around the galaxy you can follow a storyline that will simultaneously show you the intricacies of the game, and peak your curiosity. 8/10 story overall for me.

No Mans Sky Next Update - July 2018
Possibly the biggest update the game ever received. This update turned the lonesome singleplayer experience into a full co-op. The greatest thing? It's all optional. When in-game, simply go to settings and find the Network section, there you can toggle all multiplayer actions, and you can even disable the multiplayer entirely. Just watch out for endgame players suddenly giving you overpowered items, or trolls giving you trash items for fun. There isn't a way to toggle other players "gifting" you things yet, but we hope this will be a feature soon.

The Abyss Update - October 2018
One of my personal favorites. This update adds entire oceans to the game, and even some planets that are one big ocean. This also added a whole plethera of marine plants and animals, and underwater ruins sometimes filled with, ahem, ABYSSAL HORRORS. The game calls them that, and I fully agree.

The Visions Update - November 2018
This update added a huge variety to the planets of the galaxy. It added new trees, plants and flowers, new minerals, and rock formations, new animals to roam those new lands, and rainbows and exotic trophies to hunt down inside these new environments. It also added ancient bones you could dig up and buried scrap you could salvage. As well as new community missions that helped people earn rewards as a group.

No Mans Sky Beyond - August 2019
This update worked to expand the variety in the settlements and space stations, as well as improving the Nexus Hub (The social hub for players to interact). This update also added VR support to the game. While it does take a beefy pc to run VR well, and there is still no left-handed support, the experience of a space battle in VR, exploring a planet in VR, and talking with other people in VR is quite the unique experience.

The Synthesis Update - November 2019
This was another quality of life update, improving upon many different aspects of the game. To list the major things, an improved Star Map on your spaceship, ways to upgrade your starship, ways to scrap uneeded starships, improvements to the Terrain Manipulator (The tool used for digging and moving the ground), and a way to save outfits for character customization. As well as many other smaller improvements,

The Living Ship Update - February 2020
As the name might suggest, this update added a freaking M E A T S H I P. You get it by doing a questline in which you hatch a mysterious egg. And yeah, it's a little gross to look around the inside of the cockpit. This update also added many new space encounters (One of my favorite parts of the game). Now you can find weird space creatures, destroyed starships, and even trader ships or another pilot who needs some help.

The Exo Mech Update - April 2020
A pretty small update really. It added a new vehicle to walk around planets in: the Exo Mech. The Exo Mech is pretty cool and very useful for a lot of different things. It also improved the system of other Exocraft vehicles, and added a Orbital Exocraft Materializer, which allows you to take your Exocraft with you on your giant spaceship.

The Crossplay Update - June 2020
Another smaller update. This update added crossplay, a new in-game text chat, and a friending system to easily meet with your friends. Besides some other small tweaks nothing else was added.

(You can kinda tell that 2020 hit the Devs hard because of how much smaller the updates got. Don't worry though, they didn't give up on the game.)

The DESOLATION Update - July 2020
Another one of my personal favorites. Did you ever wonder if No Mans Sky could be a horror game? Well, now you can find giant derelict freighters that are filled with gross flesh bugs that will shoot E Y E L A S E R S. Oh, and your life support and hazard protection are dropping fast so you have to collect little packets along the way and huddle next to heaters to not freeze to death. This update also added numerous lighting improvements and added ways to customize and upgrade your Freighter.

The No Mans Sky Origins Update - September 2020
No, I don't know why some updates have NMS in the name and some don't, ask the devs. Anyways, this update overhauled planets again, adding new biomes, hazards, buildings settlements, and some pretty major bug fixes too. Just a nice little variety update.

The Halloween 2020 Update - December 2023... No, obviously it's October 2020. (Idiot)
This update is another creepy one. It improved the derelict Freighters you could find, and it added Tainted Metal. Tainted Metal is a rare resource found during derelict Freighter excursions, you can use Tainted Metal to buy all sorts of spooky cosmetics and decorations for your base. You can even get your hands on a M E A T H E L M E T. nice.

The Next Generation Update - Also October 2020
This update focused on improving the game for console players. (Masterace Forever). It gave the game much better performance on consoles and also increased the max group size of multiplayer to 32. Don't expect it to load very fast though.

The Companions Update - February 2021
This update is yet another of my personal favorites. This update added the ability to tame and train creatures. You could tame a wild animal of your liking, and generation after generation manipulate the eggs to improve and alter your creatures. Now people can walk around with their 50th Generation Mr. Bubbles the space tiger and ride them at 100000000 mph. A very wholesome little update :)

The Expeditions Update - March 2021
This was a very unique update. Not only did it include many important improvements and tweaks, this update also gave rise to the Expeditions. Expeditions are limited time voyages a player can complete for permanent cosmetic rewards. The First expeditions final reward, for example, was the spaceship Golden Vector. An S-tier ship made of solid gold, and a pretty sleek design. Once you were awarded a cosmetic or even useful reward, you could visit a Quicksilver Merchant in the Nexus Hub to collect the reward on all other saves on your account. new and old. Many updates afterward featured unique Expeditions to showcase the new content.

The Prisms Update - June 2021
This update is pretty simple. They improved the visuals of the game. Space is pretty.

The Frontiers Update - September 2021
This is a pretty big update. they added new settlements that you could manage and build up. Not like your puny little base, these are big towns with citizens and everything. Now you can settle disputes between your colonists, approve and oversee construction of new buildings, and improve the infrastructure of your colony so you can start making credits by the millions.
The update also came with many improvements to your own base building capabilities, and some quality of life changes, including more save slots.

Welp, I've hit the cap for reviews. Here's a link to the source I used: https://www.thegamer.com/no-mans-sky-every-update-expansion-dlc-content/

And thanks to the suggestion of someone much smarter than me I will continue the review in the comments! Thanks to WouldYouKindly for suggesting it