Comment by zeven7

No, in our reference frame it took 26,000 years for the light to travel to us so that we could see it. We measure that the event occurred 26,000 light years away so we calculate that it occurred 26,000 years ago. There are other reference frames where it also happened 26,000 years ago but that are much closer and saw it occur earlier. There are also reference frames where it happened 26,000 years ago but they haven't observed it yet because they are much further away. And as OP mentioned, there are reference frames where it occurred 5 million years ago yet it still hasn't even been observed.