To update or re-install your video drivers:
1) Go to the website for the manufacturer of your video card, usually Intel, NVidia, or ATI and download the latest drivers.2) Right click on your my computer icon and choose properties3) Click on the hardware tab4) Click on the Device Manager5) Select your video card under Display adapters and right click on it. Choose Uninstall.6) Reboot7) Cancel the Found New Hardware wizard when you log back into windows8) Install the drivers you downloaded (you may need to reboot again after installing them).
You can download the standalone 1.2 patch from the downloads section of this site.
Also, make sure that you didn't set your ship color to be white or light grey from the customize race screen.
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