Inside The Stunning Collapse of Believer Meats, the $600 Million Lab-Grown Meat Startup

Last month, Believer Meats was basking in acclaim.

The startup had just secured final U.S. government approval for what it billed as Earth’s largest cultivated-meat facility, a $125 million complex near Raleigh, North Carolina.

Boosters hailed the plant’s role in strengthening U.S. competitiveness in the race to grow meat from cells—a sector long dominated by Israel. Sen. Thom Tillis (R-NC) called it “a major economic win for the state and region.” Believer Meats CEO Gustavo Burger said he was thrilled about the facility’s opening, calling it a “major milestone” that would redefine the future of food. “Boom,” he wrote on LinkedIn, announcing that the company was set to begin commercial production of its flagship lab-grown chicken. “Here’s to the next chapter!”

That chapter lasted roughly two weeks.

To read the rest of the story, please go to: Fast Company