I don't have good vibes about this but I guess we'll see eventually what the finished product looks like,
https://tvline.com/2021/07/01/fx-alien-tv-series-not-a-ripley-story/Someone in the comments section made an outstanding observation:
"If it is set in the near future, how can it be part of the same universe and humans have no awareness of the Xenomorphs in the Alien movies and prequels?"