Bloomberg News reportedAccording to the tax filing of the Foundation, a charitable organization under Elon Musk, Elon Musk plans to establish a university in Austin, Texas, with a capital of US$1 million. Elementary and middle schools will be established first, with the enrollment of about 50 students. The focus will be on teaching "STEM" subjects including science, technology, engineering and mathematics, and it is expected to be upgraded to a university at an appropriate time in the future.
The school's operations will be funded through donations and tuition fees. Scholarships will also be provided to students who are unable to afford tuition and fees, thereby attracting more students with outstanding academic potential. The school is currently recruiting an executive director, several faculty members, and other administrative staff. The school plans to obtain accreditation from the Southern Association of Colleges and Schools Commission on Colleges, which will facilitate its future university status.
Prior to this, Elon Musk opened an experimental school called Ad Astra in California in 2014 to meet the educational needs of SpaceX employees' children. The establishment of a school in Texas this time is obviously also for the educational needs of its employees' children, and it can even be used to cultivate future technical talents over a long period of time.
In fact, Elon Musk has often commented on the state of education in the United States in the past, and even recently criticized the obvious decline in technical capabilities of American college graduates in the past few years. Therefore, it is possible to cultivate future technical talents by establishing schools.
