Elon Musk plans to launch a university in Austin,Texas

Texas transplant Elon Musk plans to start a new university school in Austin, according to tax filings. 

The as yet unnamed school will launch as a primary and secondary school focused on science, technology, engineering and math subjects and will be funded by a $100 million donation from Musk's charity, The Foundation, plus student tuition, according to the filings, Bloomberg first reported. 

The school will serve local students and also offer remote learning experiences through "distance education technologies," according to the filing. It aims to initially enroll 50 students, with the admission criteria including "academic curiosity and discipline, independence, and innovation."