Elon Musk plans to open a university in Austin
The new institution, seeded with a roughly $100 million gift from Musk, will start with a STEM-focused primary and secondary school.
Transcript
00:00 Elon Musk wants to create his own university in Austin, Texas and is funding it with a $100 million gift according to tax filings for his charity called the Foundation.
00:08 The money will be used to start a STEM-focused primary and secondary school.
00:11 Once that is up and running, the institution intends to expand operations and create a university dedicated to education at the highest level.
00:18 The university will employ experienced faculty and feature a traditional curriculum along with simulations, case studies, labs, and design projects.
00:25 His new STEM school was expecting an initial class of 50 students and is looking to hire an executive director, teacher, and administrator.
00:31 And this isn't the first time Musk has shown interest in opening a school or university.
00:35 About a decade ago, he created Ad Astra on SpaceX's campus for his five kids and a few children of his space company's employees.