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Elon Musk plans to launch his own university in Texas.

Elon Musk wants to create his own university in Austin, Texas, according to a recent report from Bloomberg.

But first up is a school for younger students.

Musk has donated about $100 million to a new charity that plans to launch a school that will cater to elementary school through high school-age children, according to tax filings viewed by Bloomberg. The program will be "focused on teaching in STEM subjects" and plans for an initial enrollment of about 50 students, according to the filing that was posted by the publication.

The charity, named The Foundation, "intends ultimately to expand its operations to create a university dedicated to education at the highest levels," according to the document. The university would apply for accreditation with the Southern Association of Colleges and Schools Commission on Colleges, the document said.

Source: www.businessinsider.com

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