Largest singular value in geometry (3D line fitting)

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I have a question about 3D line fitting algorithm as described here:
https://www.codefull.net/2015/06/3d-line-fitting/

Please tell me, is the largest singular value somehow related to length of the line segment on the plot? Can I use it as $t_\max$ in parametric equation $P = p_0 + t\cdot d$?