The BB function does grow mind bendingly fast. The machine running for 2↑↑2↑↑2↑↑9 steps is one of the 4^12*23836540 = 399910780272640 differently behaving 6-state machines [1].
A similarly fast growing function is the functional busy beaver [3]. Among all 77519927606 closed lambda terms of size <= 49 bits, there is one whose normal form size exceeds the vastly larger Graham's Number [3].
Several beaver fans believe that BB(7) might exceed Graham's Number as well, which struck me as unlikely enough to offer a $1k bet against it, the outcome of which will be known in under a decade.