I am not surprised by the end result of this incident.
Race-car driver reflexes are not effective in this street setting where the fatal crash occurred, because the speeds were way too high for street conditions and environment (like 2x). Had the speeds been more reasonable (not necessarily legal speed), recovery would have been possible. Bad judgment to begin with, bad results in the end.
On a closed course race track the recovery from loss of control can more easily the accomplished before hitting objects (and even then the objects are designed to absorb impact), plus plenty of runout room for recovery.
Yeah, yeah, some of us are fortunate enough to have owned cars/Porsches with top speeds well over 150 mph, not that it matters here. Using that kind of speed in some tight industrial park public road setting with a 40 mph speed limit is not advised.