By introducing an additional state feedback into classic Rikitake system, a new hyperchaotic system without equilibrium is derived. The proposed system is investigated through numerical simulations and analyses including time phase portraits, Lyapunov exponents, and Poincaré maps. Based on adaptive control and Lyapunov stability theory, we design a reduced-order projective synchronization scheme for synchronizing the hyperchaotic Rikitake system coexisting without equilibria and the original classic Rikitake system coexisting with two non-hyperbolic equilibria. Finally, numerical simulations are given to illustrate the effectiveness of the proposedsynchronization scheme.