I fixed it up a few times recently and it took quite some time. It is based on luck so you can theoretically have it flying early into the round but in my attempts it took just over 1 hour to fix up.
I'd like to use it as an emergency shuttle but the ability to travel to derelicts makes it too easy. There would have to be some sort of mechanic implemented so you can only visit them if you were already there IMO, but that seems like too much work for something that won't be used very often if at all. It'd be nice to see a proper airlock on the ship and maybe more lights, but you could make that yourself if you had time and resources. Also, the design of the ship seems a little bugged or unfinished. There are floating space pod barriers outside it where it spawns and seemingly random windoors in the central bedroom.
It's fun to use it, but I felt like the time it took to repair it was wasted with so little functionality.