Your Next Big Move Should Scare You
Your gut says no. Here’s why you shouldn’t always listen to it.
4 min
Melissa Ben-Ishay was scared when she walked into the first commercial kitchen for baking her cupcakes. She was scared when a publisher proposed she write a cookbook. And she was terrified when the board of Baked by Melissa, the company that bears her name but had long been run by more-experienced executives, offered her the CEO role in 2019.
“It was nauseating and emotional, like in my throat,” she says. She put the “Rocky” theme on her headphones. She considered her blind spots, like her lack of finance knowledge. But she didn’t say no.
“That’s just not an option,” she says. “You have to do the things that are scary.”
Big moments and decisions in our lives can make our stomachs drop. Moving somewhere new, getting married, starting a family—if we’re sizing them up realistically, maybe we should be nervous. (Newborns are exhausting; being a manager is hard.) More than half of workers in a recent poll ranked starting a new job as scarier than skydiving or holding a snake.
Just trust your gut, everyone implores when you’re staring down a new opportunity. It takes effort to distinguish between normal jitters and the kind of fear that’s a real warning sign, though. And it’s more work still to convince yourself to just do it, even if you’re doing it scared.
First, take a breath, advises Luana Marques, an associate professor of psychiatry at Harvard Medical School and the author of a coming book about harnessing anxiety. Calm your nerves by meditating, taking a walk or talking to a friend. Then, with clearer eyes, ask yourself: If I said yes, would taking on the discomfort of a new thing get me closer to where I want to be in my career or relationships?
Often, the fear cloaking our big decisions is “an anxiety toward your dream life,” Marques says.
The tough parts
For years, when Jessica Lapp thought about having a baby, she mostly felt freaked out. The wedding photographer, now 29 years old, would scroll through motherhood accounts on Instagram, where new moms lamented having no time to sleep, exercise or shower.
“Why would you sign up for this?” she recalls thinking.
Still, she could envision having a family with her husband. She began to poke at her fear. Was she focusing on the short-term trials of having a baby and losing sight of the long-term joys of having a child?
Fear can even be helpful, she realised, steeling oneself for the tough parts: the colicky baby, the loneliness of those early months.
“It’s the best decision I ever made,” she told me from her home near Charlottesville, Va., while her 1-year-old, Evelyn, napped.
It’s human to overcomplicate the moments that matter, and that’s OK, says Oded Netzer, a Columbia Business School professor who studies the use of data in decision-making. Research from Netzer and co-authors finds that, when faced with a clear but important choice, we start weighing factors that don’t really matter to us, such as the layout of a potential new office or lunch options at the school your kid would attend if you moved. Doing that makes the decision harder for ourselves, but it matches the gravity of the situation.
Spiralling into our fear, he says, ultimately makes us more confident in our call because we’ve done our due diligence instead of blindly trusting our intuition.
Comfortable, miserable
Not choosing is making a choice, too. Many clients who come to Tega Edwin, a St. Louis-based career counsellor, have stayed in bad jobs for years, terrified they’ll fail or be equally miserable elsewhere. And sure, they might.
Avoiding the unknown, Edwin tells them, guarantees a bad outcome: the job you already know you hate.
“I’m going to be in the exact same circumstance and nothing would change,” Danny Thompson, a software engineer in the Dallas area, says he figured when sizing up whether to try martial arts classes.
After gaining pandemic pounds, he was nervous to don the tight shirts required for jiu jitsu, afraid to be out of breath. Yet he knew there was no way his health would improve if he didn’t go.
“Fifteen seconds in, I was exhausted,” he said of the first lesson. Slowly, he got better. He participated in his first competition this winter, still scared, and placed second in his weight class.
Danger ahead
Sometimes you shouldn’t trudge ahead. Anne Mamaghani, a user-experience consultant in San Jose, Calif., felt torn when a recruiter presented a job opportunity that would have brought her near family in Indiana, exposed her to a new industry and boosted her title. The thought of wresting her two children, ages 10 and 13, from their school and community felt awful, though.
The stakes seemed too high to simply forge on, as she’d done in other situations. After all, it was her family members who would pay the price for a wrong call. After a couple of weeks of considering, she told the recruiter no thanks.
Learning to navigate change can be like building a muscle. When Mark Smith moved to Toronto from Salt Lake City a few years ago with his family, panic hit him on the first day of his new job.
“I just started thinking, what have I done?” he says. It took anti anxiety medication, a visit from friends and several months before he felt confident in his new life. That time abroad did bring him closer to his wife and son, he says, and proved his own resilience.
Smith jumped at the chance when the family had an opportunity to move to Italy last year. This time, he says he felt no fear at all.
“A good life,” he says, “requires a few risks.”
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From making unpopular decisions to learning when to listen, leaders from five businesses reveal what nobody prepared them for — and how running a company has challenged their expectations.
Technology and semiconductor shares fell sharply as investors questioned the debt financing the AI infrastructure boom and confronted higher rates and Chinese competition.
Elon Musk is exploring a potential merger between Tesla and SpaceX, a deal that could reshape the future of AI, robotics, autonomous vehicles and space technology. With a combined valuation potentially reaching $3.5 trillion, the move could bring Musk’s vision of an interconnected technology ecosystem closer to reality, although a deal remains uncertain.
5 min
Elon Musk has engineered ties between Tesla TSLA 3.41%increase; up pointing triangle and SpaceX SPCX 7.79%increase; up pointing triangle that are hard to break, and now he wants to fuse them together permanently.
Musk has run both Tesla and SpaceX concurrently over the past two decades, using a schedule that dictated which days he spent focused on each business.
The companies have often shared resources and personnel, signaling their close ties. Last year, SpaceX looked into creating a spacesuit for Tesla’s humanoid robot Optimus, a person familiar with the matter said. Tesla last week showed off its new Roadster, a vehicle featuring SpaceX rocket thrusters that it hopes to soon bring to market.
And in recent months, Musk has repositioned both companies by expanding beyond their core operations toward a shared mission centered on artificial intelligence.
The world’s richest man on Tuesday signaled his interest in tying up SpaceX and Tesla, marking what would be the biggest corporate merger of all time. Because he serves as chief executive of SpaceX and Tesla, Musk said committees of independent directors at both companies are evaluating a possible deal, adding that a transaction might not come to fruition.
The committees will likely evaluate, with lawyers and bankers, how each company would fare in a potential deal and how a deal might best be structured. They then present their conclusions to their respective boards, who typically vote on whether to proceed.
“It’s an odd Kabuki dance where two groups of people are talking and I can’t be in the conversation,” Musk told SpaceX investors on Tuesday in response to an analyst’s question about a potential deal.
For Musk, the merger supports his vision of a world full of autonomous cars, humanoid robots and weekly rocket launches, as well as the data centers and satellites required to keep the whole thing running.
Some investors and analysts said they expect a transaction would be structured as an all-stock deal, with SpaceX potentially paying a modest premium for Tesla shares.
SpaceX, which has a market value of about $2 trillion, said it is seeing sharp growth in revenue across its businesses, which include operating data centers, launching rockets and operating satellite networks such as the internet service Starlink. Tesla is valued at about $1.5 trillion and is expanding its operations beyond its automotive and energy business. Shares in both companies traded higher following the news Tuesday.
Musk’s substantial ownership stakes in both companies, along with voting control at SpaceX, has enabled him to set the deal in motion. Analysts and investors said the deal will probably face regulatory scrutiny internationally, though some see Musk’s close relationship with the Trump administration as an asset to getting approval.
Blurred lines
The companies haven’t said which directors are on the special committees evaluating a potential deal. Several SpaceX and Tesla board members have either personal or business ties to Musk. And like Musk, venture capitalist Ira Ehrenpreis sits on both boards.
In a filing this week, Tesla outlined millions of dollars in business agreements with SpaceX and its subsidiaries last year, including $143 million in car sales to SpaceX, $3.3 million in advertising that it bought on the social-media platform X and $430 million in revenue from the sale of Megapack batteries for SpaceX’s data centers.
The companies also split the cost of resources including the use of Musk’s SpaceX jet and the bill for his personal security, which he runs through a private company.
Employees at both companies routinely move between companies to work on special projects, and some executives have dual roles, including Charles Kuehmann, vice president of materials engineering at both SpaceX and Tesla, and Ashok Elluswamy, the vice president of AI software at Tesla who runs a joint venture with SpaceX called Digital Optimus.
Over the years, Musk has launched new startups within his empire, including brain-implant company Neuralink, underground-tunnel developer the Boring Company and xAI, the AI startup that merged with SpaceX in February.
It is that AI business that Musk thinks can serve a market worth tens of trillions of dollars, justifying the need for a merger.
The business case goes like this: Tesla is developing robotaxis and robots, which it calls “physical AI.” SpaceX is working on the back end of physical AI: the data-center capacity and internet connection required for those robotaxis and robots to operate continuously.
“I don’t see what the value of Tesla is if it’s not merged with SpaceX,” said investment adviser Ross Gerber, a former Tesla bull turned critic invested in both companies. “If they don’t merge, the brains of everything that runs Tesla is owned by another company.”
On top of it all, both companies face constraints on the supply chains they need to make this world a reality, particularly when it comes to chips. To address this, Musk earlier this year announced a joint venture between Tesla, SpaceX and Intel to design and manufacture chips in Texas. “The most epic chip-building exercise by far,” he has said.
Musk at the wheel
For Musk, a merger would also solve two problems: demands on his attention and his lack of control at Tesla.
Tesla for years was Musk’s only public company, a status that came with greater scrutiny. There, Musk reports to a public board, as well as individual investors who make up around 30% of Tesla’s voting power, according to FactSet.
The question of Musk’s attention became a particular focus for investors and the board in recent years after he acquired Twitter in 2022 and launched xAI in 2023, and again in 2025 as he spent time in Washington, D.C., running the Department of Government Efficiency in the early months of President Trump’s second term.
As Tesla’s car business suffered in 2025, Musk threatened to take his AI ambitions outside the company if he wasn’t granted 25% voting control. Last November, Tesla shareholders approved a new pay package for Musk, which created a path for him to vastly expand his stake.
As of Sept. 30, Musk owned a roughly 20% stake in Tesla, according to the company’s proxy filing.
The SpaceX IPO gave Musk a different path. When SpaceX went public in June, the deal’s structure enabled him to have more than 80% voting power at the company—so much that he can’t be fired and decisions can’t be made without his support.
If SpaceX acquires Tesla, he will likely stay in control.
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