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The first thing you need to do to install the game is to download either the normal or beta launcher from the download page http://star-made.org/download.starmade. Download the correct version for your OS. The normal launcher is about 2MB, the beta is about 102MB.
If you do not have it, you will also need to download and install the 64bit version of Java, as this is required to run the game.
Once you have the launcher, whichever one you chose you can run it. In the top left corner of the page there should be three menus: Options, Help, and Community. Open the options menu and click on the 'Memory Options' button. It should pop up a window with settings for maximum memory, minimum memory, and initial memory. The only setting you should change is the maximum memory. It is a matter of preference how much memory to give the game, but you should give it at lease 2GB of RAM.
Once you have set up the Memory settings you can install the rest of the game. At the bottom of the window, there should be a row of four buttons, click the active one that says "update and install latest version", it will start downloading the rest of the game. This is about 1GB, so it could take a while. Once the download has finished, the button will go grey so you cannot click it, until a new version comes out. You can now click 'start game', or 'start dedicated server' to play the game.