Elon Musk is planning to start a UNIVERSITY in Austin after seeding $100 million to charity called The Foundation that will start with a focus on STEM in primary and secondary school
Elon Musk plans to open a university in Austin, Texas, after investing $100 million in his latest charity, The Foundation.
The billionaire’s establishment will begin with a STEM-focused elementary and high school that will transform into a university “dedicated to education at the highest level,” according to tax returns reviewed Bloomberg.
According to the October 2022 application, which was reportedly approved in March, the school will use a traditional curriculum “along with hands-on learning experiences including simulations, case studies, fabrication/design projects and laboratories.”
Musk’s involvement in education has seen him become a frequent critic of American education, telling biographer Walter Isaacson this year that “unless the virus of the woke mind is stopped, it is inherently anti-science, anti-worthy and anti-human in general.” civilization will never become multi-planetary.”
Elon Musk (pictured with son Xÿ A-12 in December 2021) is set to open his own university in Austin, Texas, after years of harsh criticism of US education systems.
According to the announcement of the tax-exempt status, Musk’s university will seek to hire “experienced faculty” and will seek accreditation from the Commission on Colleges of the Southern Association of Colleges and Schools.
Musk previously opened a school for five of his eleven children, opening the ultra-exclusive Ad Astra School on SpaceX’s California campus in 2015.
The small school, shrouded in secrecy and open only to select children of his employees, moved to Austin in 2020 as Musk fled California for the Lone Star State during the pandemic.
Amid growing concerns about the state of education in America, Austin is also set to host another ambitious institution, the University of Austin.
UATX supporters, including venture capitalist Joe Lonsdale and businessman Larry Summers, say the company is committed to addressing the “yawning gap between the promise and reality of higher education.”
It’s unclear whether Musk might follow a similar path at his university, but it seems likely given his past comments about elite schools indoctrinating students into “full communism.”
Musk reportedly expects to enroll 50 students in the STEM primary and secondary school.
The tax filing also notes that the school is seeking to hire an executive director, a teacher and an administrator.
In 2015, Musk opened an ultra-exclusive school on the SpaceX campus called Ad Astra. He was seen at school with several children.
Musk is launching the institution through his charitable organization, The Foundation, which serves as one of the central pillars of his charitable organization, the Musk Foundation.
Last year, he donated $2.2 billion worth of Tesla shares to his Musk Foundation and then transferred $100 million to start his university.
The billionaire’s charitable donations have also reportedly seen him make major donations to disaster relief nonprofit World Central Kitchen, Khan Academy and Fidelity Charitable.
Musk is currently considered the richest person in the world with a net worth of $220 billion. He has more plans for Austin than just education.
He is also creating his own city just outside the city with subsidized housing for SpaceX and Tesla employees, the Wall Street Journal reported.
The city is still awaiting some permits, but it will include recreation areas, another school and thousands of acres of land purchased by the entrepreneur in recent years.
Musk has eleven children. He is pictured holding his son Griffin with his second wife, actress Tallulah Riley, and son Xavier in 2010.
Musk has previously spoken about his struggles in school when he was a child, telling biographer Ashley Vance in 2015 that his childhood South Africa was hampered by severe bullying.
In one instance, classmates pushed him down a concrete staircase, saying in the biography: “They had my best damn friend lure me out of hiding and beat me up.” And it hurts like hell.
“For some reason they thought it was me and they were going to follow me non-stop. That’s what made growing up difficult. There was no respite for several years.
“At school you’d have gangs chasing you and trying to beat the (expletive) out of me, and then I’d come home and it would be just terrible there too.”
But as far as his own children’s school experiences go, Musk says Ad Astra “seems to be going pretty well.” “The children really love going to school.”