I don't know exactly what is going on, but it looks like too big to fit in the available memory. Here's my sdkconfig.defaults:

CONFIG_IDF_TARGET="esp32p4"
CONFIG_ESPTOOLPY_FLASHMODE_QIO=y
CONFIG_ESPTOOLPY_FLASHSIZE_16MB=y
CONFIG_ESP_SYSTEM_CHECK_INT_LEVEL_5=n //some bug in the 6.0-RC1 SDK

As of ...

Here you go:
ESP32P4_SELECTS_REV_LESS_V3(=y) "Select ESP32-P4 revisions <3.0 (No >=3.x Support)"