Suuuuure, that's the reason.

Hah! Yeah fucking right - we ALL know their vaporware just isn't ready yet and this the best excuse they can come up with!

They always find a new excuse.

It was originally announced for release in 2014 during the Kickstarter campaign, but was delayed multiple times.[48][49] In mid-2019 CIG stated that a beta release was planned before the end of Q2 2020, then an estimated Q3 2020 on a now abandoned roadmap.[50][51][52] In December 2020 Chris Roberts announced there will be no official release date or gameplay footage at this time. "I have decided that it is best to not show Squadron 42 gameplay publicly, nor discuss any release date until we are closer to the home stretch and have high confidence in the remaining time needed to finish the game to the quality we want".[53][54] At CitizenCon 2024, first gameplay parts of Squadron 42 were shown and a release in 2026 was suggested.

- https://en.wikipedia.org/wiki/Star_Citizen#Squadron_42

Next will be GTA 6 exists …

Never let a good crisis go to waste