Running my App in the iPhone X Simulator (GM Seed) I am noticing two strange effects:
I fixed it by simply inserting some random text in the Lanch Screen File
textfield. I dont even have a Launch Screen File... XCode is so buggy.
update
Although this fixes it in simulator (still very weird and unexpected) when uploading a binary to iTunes Connect it will fail due to not finding a LanchScreen file of name "random-name"