[Crash] Crash upon start in OSX 1.7.5

Starbound crashes immediate upon attempting to open. I see the icon flash in the dock for a second then I get a crash. Here is the report that apple gives me:

Process: launchd [950]
Path: /Users/USER/Library/Application Support/Steam/*/Starbound.app/Contents/MacOS/starbound
Identifier: com.chucklefish
Version: ??? (???)
Code Type: X86-64 (Native)
Parent Process: launchd [248]

Date/Time: 2013-12-05 11:42:42.739 -0500
OS Version: Mac OS X 10.7.5 (11G63b)
Report Version: 9

Interval Since Last Report: 20889345 sec
Crashes Since Last Report: 53
Per-App Crashes Since Last Report: 16
Anonymous UUI D7604849-4944-45A4-95AF-AEBF537FF29C

Crashed Thread: Unknown

Exception Type: EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: KERN_INVALID_ADDRESS at 0x00007fff5fc01028

Backtrace not available

Unknown thread crashed with X86 Thread State (64-bit):
rax: 0x0000000000000055 rbx: 0x0000000000000000 rcx: 0x0000000000000000 rdx: 0x0000000000000000
rdi: 0x0000000000000000 rsi: 0x0000000000000000 rbp: 0x0000000000000000 rsp: 0x0000000000000000
r8: 0x0000000000000000 r9: 0x0000000000000000 r10: 0x0000000000000000 r11: 0x0000000000000000
r12: 0x0000000000000000 r13: 0x0000000000000000 r14: 0x0000000000000000 r15: 0x0000000000000000
rip: 0x00007fff5fc01028 rfl: 0x0000000000010203 cr2: 0x00007fff5fc01028
Logical CPU: 0

Binary images description not available


External Modification Summary:
Calls made by other processes targeting this process:
task_for_pid: 1
thread_create: 0
thread_set_state: 0
Calls made by this process:
task_for_pid: 0
thread_create: 0
thread_set_state: 0
Calls made by all processes on this machine:
task_for_pid: 2052
thread_create: 1
thread_set_state: 0

Model: iMac5,1, BootROM IM51.0090.B09, 2 processors, Intel Core 2 Duo, 2.33 GHz, 2 GB, SMC 1.9f4
Graphics: ATI Radeon X1600, ATY,RadeonX1600, PCIe, 256 MB
Memory Module: BANK 1/DIMM1, 2 GB, DDR2 SDRAM, 667 MHz, 0xCE00000000000000, 0x4D342037305435363633515A332D43453620
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0x87), Broadcom BCM43xx 1.0 (5.10.131.36.15)
Bluetooth: Version 4.0.8f17, 2 service, 18 devices, 1 incoming serial ports
Network Service: AirPort, AirPort, en1
Serial ATA Device: WDC WD2500JS-40TGB0, 250.06 GB
USB Device: Built-in iSight, apple_vendor_id, 0x8501, 0xfd400000 / 6
USB Device: Keyboard Hub, apple_vendor_id, 0x1006, 0xfd500000 / 4
USB Device: Apple Optical USB Mouse, apple_vendor_id, 0x0304, 0xfd530000 / 5
USB Device: Apple Keyboard, apple_vendor_id, 0x024f, 0xfd520000 / 3
USB Device: Bluetooth USB Host Controller, apple_vendor_id, 0x8206, 0x7d100000 / 2
USB Device: IR Receiver, apple_vendor_id, 0x8240, 0x7d200000 / 3

 

Starbound requires OS X 10.8 and higher to run.
You need to download the latest OS X Maverick 10.9
Go to the App Store, and search for 'Maverick'
Download & install, and try to run the game again.
You will not lose any data during the update, and it is free.