Elon Musk Plans To Launch His Own University, Pledges $100 Million: Report

Elon Musk earlier showed interest in launching a school and even started a small private school.

World's richest man Elon Musk is planning to build a school and eventually a university in Texas, according to a report in Forbes. The report is based on tax filings that reveal Mr Musk has donated $100 million to a charity that plans to launch a school. The program will be "focused on teaching in STEM subjects" and plans for an initial enrolment of about 50 students, according to the filing posted online by Bloomberg. The class will be "dedicated to education at the highest levels", the document further showed.

The charity named The Foundation will seek accreditation from the Georgia-based Southern Association of Colleges and Schools Commission on Colleges and sought tax-exempt status, the Forbes report further said.

It doesn't provide details about the school, but university will employ "experienced faculty" and have a traditional curriculum backed by hands-on learning experiences including "simulations, case studies, fabrication/design projects and labs."