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Riding a very loose headset will eventually ruin the bearings and possibly damage the frame or fork after a very long time but as long as you have ur 1 1/8” stem clamped to the 1” steerer with the shim you need between..there’s no real danger no matter how loose and you could even forget the star nut and compressing using it and be ok. It could be awful to ride and be very loose with the fork rocking back and forth when braking on the front brake but it will still work and not really a danger. Not that I recommend riding it loose but just saying this isn’t something that’s a risk of damaging something and being a danger if you’re not riding it a long time ..other than in your pic the stem looks clamped with the shim partially in place and if you’d clamped the bolts tightly it likely wasn’t a good thing for ur stem. The steerer likely wouldnt experience any ill effects from that.
A broken steerer tube is very rare. As long as you’re not overly clamping your stem and/or not following some rare manufacturer’s requirements on some unique fork I wouldn’t think about it. ((Unless you’re thinking of replacing the star nut with a long compression plug and flipping your stem and SLAMMING it..which is likely a safer bet if you’re actually worried about your fork steerer tube breaking..but I wouldn’t worry about it))
A broken steerer tube is very rare. As long as you’re not overly clamping your stem and/or not following some rare manufacturer’s requirements on some unique fork I wouldn’t think about it. ((Unless you’re thinking of replacing the star nut with a long compression plug and flipping your stem and SLAMMING it..which is likely a safer bet if you’re actually worried about your fork steerer tube breaking..but I wouldn’t worry about it))