Does the Red Rocket Mega Sign actually blast off / blow up in-game?

The 'Red Rocket Mega Sign' item in the Fallout 76 Atomic Shop is shown to be blasting off and then blowing up.

enter image description here

Does it actually do this in the game? If so, how?

Reference:


It will take off/launch when another player destroys it. I've seen this done via hammer and shotgun.