In the Inventory, all items have a 3D model that you can rotate.
However, the inventory item "Ping Pong Ball" does not display the 3D model when you view it in any of the inventory-related menus (character inventory, container inventory, buy/sell, etc).
This issue has been reported to Bethesda. Observed on Xbox Series X.

Attached Files:
Ping-Pong-Ball.jpg