Elon Musk proposes Texas Institute of Technological innovation & Science

Tesla CEO Elon Musk tweeted Friday that he’s looking at launching a new college: the “Texas Institute of Technological innovation & Science.”

It’s not distinct how major the mega-billionaire is, particularly looking at the proposed school’s obscene acronym and Musk’s name for joking on Twitter — even to the point of violating securities rules.

That did not cease netizens from seizing on the tweet, propelling the proposed school’s acronym to Twitter’s best 25 trending listing in the US on Friday.

Over and above jokes, Musk has a history of generating raunchy acronyms in his organization functions, which include by preparing the rollout of Tesla’s Models S, 3, X and Y motor vehicles to spell out S.3.X.Y. on the company’s web-site.

When one particular Twitter person asked irrespective of whether he had secured funding for the university, Musk responded, “obv.”

That could have just been a nod to Musk’s 2018 tweet in which he said he had “funding secured” to take Tesla non-public at $420 a share, which despatched the stock value soaring and eventually led to a settlement between Musk and the Securities and Trade Fee that was intended to keep the mega-billionaire largely off Twitter.

In a different observe-up tweet Friday morning, Musk claimed the proposed college would “have epic merch.”

Musk’s very own feelings about college, while, have been lukewarm. He’s repeatedly derided the working experience, saying very last yr that faculties are “for exciting and to establish that you can do your chores, but they’re not for studying.”

He’s also mentioned Tesla won’t have college necessities for work, “because that is absurd.”

Musk — worth an approximated $302 billion — has been ramping up his existence and that of his companies in Texas.

Past yr, he announced that he was personally going to the Lone Star Point out — exactly where there is no particular money tax — and before this month he introduced that his electric vehicle firm would shift its headquarters to the Austin area as effectively.

Tesla will continue on to extend its huge plant in Fremont, California, but Musk has stated the organization options to begin generation at its new manufacturing facility in Austin next 12 months.

Musk has sought to develop a town around Starbase, SpaceX’s start site in Texas.

Musk’s two other corporations, SpaceX and The Boring Firm, are equally continue to primarily based in Hawthorne, California.

But SpaceX’s start site, dubbed Starbase, sits in southeast Texas, near Boca Chica, an unincorporated seaside village in Cameron County. Musk has sought to increase the Starbase and in fact create an incorporated US metropolis in the location.

And The Uninteresting Organization has earlier hinted of a equivalent expansion to Texas by teasing career postings in the point out.

And the San Antonio Express-Information documented previously this 12 months that the business is in talks with San Antonio and Austin officers to build an underground transportation loop in Central Texas, like the one particular that opened this summertime in Las Vegas.

Musk is not the only tech billionaire to extend his operations in Texas. Other key technological innovation firms, including Oracle and Hewlett Packard, have left California for Texas in the earlier 12 months.

Point out officials have been courting companies to make the shift, dangling significant-time tax breaks to place new amenities in the condition via the Texas Economic Enhancement Act.

And Austin, with its fairly low expense of dwelling, potent university as well as preferred activities like South by Southwest, has been a incredibly hot spot for tech companies and their workers.

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