The CEO of Tesla and SpaceX and owner of several other companies (including, um, X), has plans to launch a new university in Austin, Texas.
As the Texas Tribune reported, tax filings for The Foundation, one of the charities owned by the world’s richest man, show plans to use a $100 million gift from Musk to fund the school. Once that’s up and operational, the focus will shift to building a university. (It’s unclear what the name of the learning center would be. The tax filings refer to it simply as “the School.”)
The university, says the filing, will also focus on STEM subjects, and will include “hands-on learning experience, including simulations, case studies, fabrication/design projects, and labs.” A search is underway now for an executive director, as well as experienced teachers and administrators.
The private elementary and secondary school will initially enroll 50 students, with plans to increase that number over time. Donations and tuition fees will fund its activities, though it will offer financial aid when necessary. Admission will be merit-based.
“The school is being designed to meet the education needs of those with proven academic and scientific potential, who will thrive in a rigorous project-based curriculum,” the filing reads. “The school will, after a thorough assessment, select applicants who demonstrate academic curiosity and discipline, independence, and innovation.”