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Elon Musk Invests $100M To Create New Texas University.



Elon Musk Invests $100M To Create New Texas University.

(CTN News) – Elon Musk intends to establish a new university in Texas, as per tax filings. According to Bloomberg, Elon Musk has donated $100m to his charity, The Foundation, to create a primary and secondary STEM school in Austin.

The long-term goal is to obtain accreditation from the Southern Association of Colleges and Schools Commission on Colleges to launch a university.

Initially, the school plans to admit 50 students based on merit. The tax filing states that the school aims to remove financial barriers for students by providing tuition and financial support to the extent of available resources.

Funding for the school will primarily come from donations and tuition fees. In a 2015 interview, Elon Musk mentioned that he enrolled his five children in Ad Astra (now known as Astra Nova), a non-profit experimental school that he founded in Hawthorne, California, situated on the campus of his company SpaceX.

In 2020, Elon Musk relocated to Texas, expressing his disapproval of California’s Silicon Valley and the San Francisco Bay Area, which he believed had an excessive influence on the world.

The following year, he transferred Tesla’s headquarters from Palo Alto, California, to Austin, Texas, while also establishing a significant testing facility for SpaceX in McGregor, Texas.

Musk has faced criticism for his alleged endorsement of antisemitic beliefs. Recently, he extended a warm welcome to the infamous conspiracy theorist Alex Jones on X, the social media platform formerly known as Twitter, which Elon Musk acquired and promptly restructured by removing most of its moderation team due to their handling of hate speech.

Musk engaged in a Twitter Spaces conversation with Jones, alongside the openly misogynistic Andrew Tate and various far-right politicians.

Austin, a predominantly conservative city within a mostly conservative state, is already home to the University of Texas, one of the state’s public universities.

Additionally, it now accommodates a private liberal arts college established by right-wing journalist Bari Weiss.

Weiss resigned from her position as an opinion writer for the New York Times, citing allegations of workplace bullying that were allegedly disregarded. The University of Austin, also known as UATX, was founded on the principles of “free thought” and as an alternative to the growing illiberalism.

In October 2023, the Texas Higher Education Coordinating Board officially recognized the college as a degree-granting institution.

As a result, UATX is currently accepting applications for its inaugural undergraduate class, scheduled to commence in the fall of 2024.


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