Capital Misallocation

Capital Misallocation

SpaceX Countdown - Final Predictions

Benny & The Squirrel: Ep. 59

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Capital Misallocation and The Blind Squirrel
Jun 15, 2026
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In Episode 59, Benny & The Squirrel welcome Craig Coben to the show to discuss the SpaceX IPO.

Craig is a veteran capital markets banker. After starting as an attorney at Sullivan and Cromwell, he transitioned into investment banking in the 1990s at Deutsche Morgan Grenfell. He joined Merrill Lynch in 2005 going on to run the EMEA and later Global Equity Capital Markets businesses of what we now all know as Bank of America.

Since retiring from the sell side 3 years ago, Craig has turned his skills to the keyboard where he has been writing really fantastic columns for the Financial Times’s Alphaville team as well as for Global Capital Magazine, where he is the resident agony aunt for frustrated sell siders.

The show was recorded at 2am EST on Friday 6th June.


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Episode Slide Deck (Below Paywall)

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