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Nope, shame them.
Legit Biden needs to challenge it directly and have Trump's daughter and her husband arrested and jailed on charges he must fully admit are false and politically motivated. Say the Saudi money was to pay for classified information or something, they would either have to rethink their choice or the precedent is set with a Democrat in office which would allow literal and complete political control of the government.
They aren't going to make such a ruling until after the election, if Trump wins they might grant immunity but they'll never make that ruling with Biden still in power. Biden wouldn't get away with it, there's nobody around that would support it (unlike GOP's unconditional support for Trump). They also won't have any problem striking down Biden's actions and then later approving Trump's (or just ignoring them)
They can't delay it that long, they have to issue a decision by the end of their current term, which ends when they go into summer recess in late June/early July. Granted, they could theoretically say "screw the rules" and not issue a decision until after the election, but that's literally never been done, and if it did everyone would start ringing the alarm bells because it's a crystal clear sign they're corruptly abusing their power for Trump's benefit. (Yes, I know they're already doing this, but what they're doing right now is blowing hard enough on a dog whistle to draw side-eye glances from passers by, while delaying a decision past the end of term would be like blowing a train whistle right next to your face.)
If they do decide to help Trump, the most likely path will be waiting until the last minute to issue a decision and then punting it back to the lower court for further review.
The outcome I've seen suggested is that they send it back to the lower court with minimal instructions, then waiting for the case to make it back to SCOTUS later
Biden could do it now and it would be legal until ruled otherwise, the present court is myopic and it will bite them.
You underestimate how fast they would work to get it declared illegal
No, that's literally my intention.