You may already know but it's SQL-ite (sequel-ite), like graphite, dynamite, sulfite.
completely off topic at this point, but Jim Cornette reading paid advertisements for codecademy was very funny during the pandemic. He insisted on pronouncing it code-cademy while his co-host tried to correct him.
Um, actually this[1] suggests that it originally wasn't about anything other than seeming like a good name and that any deeper explanation that has been given was made up. Of course, by the same token, "it seemed like a good name" could have also been made up. But it appears that the team eventually embraced it in the oxidization[2] sense.
[1] https://www.reddit.com/r/rust/comments/27jvdt/internet_archa...
ad nauseam
Case in point: This discussion was originally about SQLite.