Elon Musk, who moved to Texas during the pandemic, is planning to start a university in Austin, according to tax filings for the billionaire’s latest charity called the Foundation.
The new institution, seeded with a roughly $100-million gift from Musk, will start with a STEM-focused primary and secondary school. Once that’s operating, it “intends ultimately to expand its operations to create a university dedicated to education at the highest levels,” according to an application to the Internal Revenue Service for tax-exempt status obtained by Bloomberg.
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