In the past week, Beyond Meat has gone up seven-fold in price…from $0.50 per share to $3.62. That’s about the only positive thing it has done since my 2019 post about clean meat. It has failed in spectacular fashion, and I’m more than happy to concede that I was dead wrong about it’s potential. I’m still not convinced lab-grown muscle tissue doesn’t have a future in food production, but I think it has a new headwind. I’d imagine lab-grown meat requires a decent amount of energy to produce, and AI seems to be hogging it all these days. Perhaps the hidden story of the AI boom is the resources it will pull away from other innovations? The best part of real meat (beef) is it doesn’t steal resources – it works together in a natural system and enhances, not steals from, other natural innovations and life forms.
I hope I continue being wrong on fake meat. In this case, being wrong is the preferred position.
