Nova Labs
Crypto/wirelessUSA
✂️ Markdown
Peak $1.33 BillionToday
~-57%
from peak
- 🦄Became a unicorn2022
- 📈Peak valuation$1.33 Billion ’22
- 💔Became a Unitard~2023
- 💸Last valuation~$572M
Current status
Fallen unicorn est.
How it happened
Nova Labs, formerly Helium, built a decentralized wireless network powered by crypto-token incentives and reached a roughly $1.33B valuation after a 2022 funding round. As the crypto market and token-incentive model came under pressure, third-party estimates (PitchBook) marked the company down as a fallen unicorn, roughly 57% below its peak valuation.
Mutual-fund markdowns
3 funds · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
Per-share mark from peak
-56%
SkyBridge Multi-Adviser Hedge Fund Portfolios LLC
$1.00 → $0.44
as of Jun 2024
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| SkyBridge Multi-Adviser Hedge Fund Portfolios LLC | $0.44 | -56% | Jun 2024 | |
| Skybridge Opportunity Fund | $0.30 | -25% | Mar 2026 | |
| Skybridge Opportunity Fund LLC | $0.44 | -12% | Dec 2024 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Jun 2026.
Source: PitchBook estimate, reported by CNBC (Jun 2026)
