Adobe Photoshop Tutorials
Create a new document (i made it 300*300px), black foreground, white background.
Use Filter --> Render --> Clouds to create this effect:
The next filter you are going to apply is Filter --> Pixelate --> Mezztint..
Set Type to Short Lines.
Now goto Filter --> Blur --> Radial Blur..
Set Amount to 100, Blur Method to Zoom and Quality to Best.
Move the Blur Center where you want it to be.
There's your hyperspace effect :
Hit CTRL-U and pick a blue (or another color) for your hyperspace effect.
There you go!