“In the beginning God created the heavens and the earth. 2 The earth was without form, and void; and darkness was on the face of the deep. And the Spirit of God was hovering over the face of the waters. 3 Then God said, “Let there be light”; and there was light. 4 And God saw the light, that it was good; and God divided the light from the darkness.”

In the beginning God

Time itself had a beginning, we are not placed somewhere in a boundless continuity with no beginning and no end.
God is beyond time; it was created by him when he created the universe (or heavens and earth).
Our concept of time is shaped by the sequence of events which arise from the interaction of matter and the radiation it generates, we now measure time by the frequencies generated by the caesium atom.

And similarly, God is beyond our concept of space.
“What we call space is just another feature of the gravitational field of the universe, so space and space-time do not exist apart from the matter and energy that creates the gravitational field.”

So, the creation of time was one step in bringing order into chaos, in putting events into a sequence rather than facing them all at once. Ecclesiastes 3:1-8, “To everything there is a a season, a time for every purpose under heaven”.

Created the heavens and the earth

Everything (matter or dust and energy) was created by God, all we know of was his creation. So, he is also not limited by matter and energy, as we are.

The earth was without form, and void

Matter and energy alone are in a state of chaos, without purpose or meaning. God’s touch gives meaning and order to everything, as described in the verses that follow.

Darkness was on the face of the deep

Darkness is simply the absence of God’s presence or influence; the deep could be the “bottomless pit” of Revelation 9:1.

The Spirit of God was hovering over the face of the waters

Already, we see the three aspects of our triune God, who Father, Spirit, and Word (verse 3, “God said”), with the Spirit already being God’s presence in the world.

Then God said

The “how” of God’s creation was by his spoken Word, which we learn from John 1:1-3 was Jesus himself.

God saw the light, that it was good

The nature of light here is not limited to the visible spectrum we see, but as explained by Jesus in John 8:12, “I am the light of the world”, it signifies God’s goodness, truth and love, as contrasted with the darkness or meaninglessness of a world without God.
Light reveals what is good and evil; John 20, “Everyone who does evil hates the light, and will not come into the light for fear that their deeds will be exposed.”

God divided the light from the darkness

There is a distinct division between light and darkness, good and evil, truth and falsehood; these are absolute opposites for all of time. They are not two sides of the same coin, as Friedrich Nietzsche would persuade us, but opposites as distinct as life and death.