Elon Musk plans to open a university in Austin, Texas

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Texas transplant Elon Musk plans to start a new college in Austin, according to tax filings.

The as-yet-unnamed school will launch as an elementary and middle school focused on science, technology, engineering and math subjects and will be funded by a $100 million donation from Musk's charity, The Foundation, plus tuition. of the students, according to the documents. Bloomberg reported for the first time.

The school will serve local students and also offer remote learning experiences through “distance education technologies,” according to the document. It aims to initially enroll 50 students, with admission criteria including “academic curiosity and discipline, independence and innovation.”

The school will expand to a university once it is “successfully operating” and will seek accreditation from the Southern Association of Colleges and Schools Commission on Colleges, according to the disclosure.

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The presentation does not reveal the expected cost of tuition, but notes that financial assistance will be available for admitted students. The school is currently hiring an executive director, experienced teachers and administrators.

Austin is already home to the main campus of the University of Texas and the University of Austin, which opened two years ago.

This is Musk's second foray into education. He also founded what is now known as the Astra Nova School, an exclusively online school for students ages 10 to 14.



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