I mean, beyond/impossible already are a pretty good simulacrum of some kinds of meat. If what you're trying to do is simulate meat, I don't think you're going to do better wth insects. If what you're trying to do is just have good protein, we already have tons of options, starting at beans. But sure, insects is another. (I ate a bunch of Brood X cicadas this summer, they were tasty. They did not make me think they were beef or chicken).

I think the idea of lab-grown meat in the OP is supposed to be a much better simulation (I mean, arguably not a simulation at all) than impossible/beyond, and be able to simulate whole pieces like a steak or piece of chicken not just ground meat.

But yeah, that's a question I have, with plant-based meat like beyond/impossible already being way better than I would have predicted a few years ago... what's the point of spending so much money on the "moon shot" of vat-grown meat, instead of just doing more with the plant-based approach that's already working well?