Why can I not output in the same directory as the current?

[assyrus-favolo]

I'm in Windows 11, using PowerShell.
I run this command:

bunx swc file.js --out-file file.min.js

And I get this error:

EEXSIT: file already exists, mkdir '.'

If I do this instead:

bunx swc file.js --out-file build/file.min.js

The file is created without issue, is this intended or is it an oversight?