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12 Years and $700 Million Later, What's Going on With Star Citizen's Development?
(insider-gaming.com)
Just a few things from the article:
They're running out of money. (That's nothing a few more ships for sale can't solve 
)
Cult-leader Chris orders them to make game-defining changes on a daily basis that fucks up everything for weeks. (It's Chris' world after all, you're just living in it 
)
Besides just the main game and Squadron 42, they also have a third game (medieval fantasy) in development that uses the backer's funds as well. 
I’d hate to come across as a Molyneux apologist, but at least Fable 1 was fun. SC can’t claim anything close to that.
This probably isn’t due to any good intentions from Peter himself though, he was tied to a studio that demanded a complete game be released, SC is just on a money treadmill and their “visionary” is free to just grift away.