- Elon Musk, the world’s richest person, is planning to establish a new university in Austin, Texas according to documents filed by his nonprofit foundation.
- The university will be funded by a $100 million donation from Musk. It will start as a STEM-focused primary and secondary school before expanding into a full university.
- Musk is also developing his own town outside Austin for employees of his companies like Tesla and SpaceX. The proposed municipality would have housing, recreation and more.
Elon Musk, the world’s richest person, is planning to establish a new university in Austin, Texas, according to documents filed by his nonprofit foundation.
Background on Musk’s Move to Texas
Musk relocated from California to Texas during the Covid-19 pandemic. The billionaire has set up several ventures in the Lone Star State, including Tesla‘s new headquarters. Austin has become a hub of innovation in higher education.
Details on Musk’s New University
The university will be funded by a $100 million donation from Musk. It will start as a STEM-focused primary and secondary school before expanding into a full university. The goal is to provide traditional academics alongside hands-on learning. It aims to gain accreditation and hire experienced faculty.
Musk’s History Starting Schools
This is not Musk’s first foray into education. About 10 years ago, he created a private school called Ad Astra for his children and SpaceX employees’ children. When he moved to Texas, Ad Astra relocated as well.
Musk’s Other Texas Plans
Musk is also developing his own town outside Austin for employees of his companies like Tesla and SpaceX. The proposed municipality would have housing, recreation and more.
