I found this article below. Apparently it is announced that LiftOff will come to PlayStation 4 and Xbox in 2020.
https://www.gematsu.com/2020/01/liftoff-...4-xbox-one

Has anyone read more about this? Is there already a release date?

Having LiftOff on PlayStation would be ideal. It would save me some bucks because the I don't have to buy a new graphics card.

Personally I wouldn't bother with a game console version of any FPV simulator because you can only use the game controller with it and not your transmitter, so it's totally unrealistic unless you just want to play it as a game and not use it as a simulator. With the PC version you can use your actual transmitter as the controller. A simulator is really designed as a practice aid to build muscle memory and skill. You can't do that with a game controller which is nothing like a transmitter where the sticks are tiny with short throws, and where the throttle stick is sprung to the centre unlike a proper transmitter so it just feels odd. I've tried an Xbox controller on the PC version and it just feels all wrong.

They are probably only putting LiftOff on the consoles to try and cash in from people who probably don't own a real quad and just want it as a game. IMO they should just leave the consoles for real games and stick to the PC for their simulators.

That would be unrealistic yes. I assumed, therefore, that you could also use your transmitter. Usage of your transmitter should also not that hard to add, although requires Sony itself to contribute as well.
So now you say it and if you are right, that would be a deal breaker yeah.