Of course, because this is Elon Musk, we have to assume that the world's richest man is just having a bit of fun.
He's well known for his memes and little jokes on Twitter, but he's also admittedly known for starting up companies and giving them very silly names.
Who could forget the Very Boring Company, eh?
That was his company that - you've guessed it - bored holes.
He also named a model of Tesla the model S3X, which is basically the billionaire equivalent of spelling out rude words upside down on a calculator.
Anyway, this time around, he's decided that he wants to call his university the 'Texas Institute of Technology and Science'.
Am thinking of starting new university:
Texas Institute of Technology & Science
- Elon Musk (@elonmusk) October 29, 2021
Now, if you've got half a brain, you'll already have realised why that's supposed to be funny.
Just think of the merchandise.
Actually, you don't have to, Elon has already considered the merchandise for his new - and potentially fictional - school.
When asked about his school, he responded that 'it will have epic merch' and it will be 'universally admired'.
He's also said that the funding would be secured, so that's good.
Now, as we've covered, we can't be sure whether he's just having a laugh with all of this, but - then again - we must remember that he also once called one of his spacecraft the 'Big F***ing Rocket'.
To be fair to him, Musk has already had a bit of experience in running a school.
In 2014 he opened up the Ad Astra School on the SpaceX campus in Hawthorne, California.
So, setting one up in Texas - particularly with the kind of cash that he has - wouldn't be that difficult at all.
At the minute, only around 30 students attend that school, where they study to a curriculum that is heavily weighted towards progressing students in maths, sciences, engineering, robotics, and even artificial intelligence.
Still, would anyone really want to go to a school with that particular acronym on all of the branding?
Imagine the sports games, that would be quite something.
As we said at the very beginning - and it always bears repeating - when it comes to Elon Musk and his madcap schemes, you can never definitively count anything out at all.