Soundtrack composed by: Laura Barratt, Marc Schaefgen and Nenad Vugrinec
DON'T PANIC! Well that's what the Hitchhiker's Guide to the Galaxy would recommend, although it's hard not to with this tense track that plays whenever you're in a bit of strife in Wing Commander: Privateer. It does happen to have a somewhat heroic fanfare at around the 0:59 mark which has a certain comedic appeal if your ship is being ripped to shreds right about that time.
Thanks to C75 and WCNEWS for providing these memorable tracks.