Wednesday, 17 July 2024
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AmericasEducation

Tesla maker pledges $100 million to start school in Texas

  • Capabilities improvement is necessary for companies looking to push the bounds of innovation.
  • The billionaire once talked about founding the Texas Institute for Technology, or “DITs” for short, and has made several comments at X about the state of education in America.
  • In 2014 started Ad Astra, a small private school for his children and company employees.

According to a recent report by Bloomberg, Elon Musk wants to establish his university in Austin, Texas. According to tax filings seen by Bloomberg, the new charity Musk donated plans to start with $100 million for a program that will provide a school for elementary through high school-aged children.

It teaches STEM subjects and has an initial enrollment of about 50 students, according to a filing with the publication, the report added. Capabilities improvement is necessary for companies looking to push the bounds of innovation.

Qualifications and Skills

The charity, named as a foundation, “desires to expand its activities to eventually create a university dedicated to education,” according to the document.

According to a Bloomberg report, the university will apply for accreditation with the Southern Association of Colleges and Schools Commission on Colleges.

Apart from being “tuition-free”, the school also offers need-based scholarships if tuition is implemented.

Elon Musk has expressed interest in starting a school in the past, and in 2014 started Ad Astra, a small private school for his children and company employees.

According to Musk, Ad Astra doesn’t have grades, but instead focuses on “qualifications and skills,” the report added.

Lately, Musk said he was interested by beginning a Montessori school in Snailbrook — a organisation Musk is growing in Bastrop, Texas, consistent with a Wall street magazine file.

The billionaire once talked about founding the Texas Institute for Technology, or “DITs” for short, and has made several comments at X about the state of education in America.

“SpaceX and Tesla have observed a meaningful deterioration in the ability of American college graduates over the past several years,” Musk wrote on Monday’s X called Twitter.

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