MIT could have a new competitor on the horizon. On Wednesday, news broke that SpaceX and Tesla CEO Elon Musk is planning to build a new science and technology university in Austin, Texas. Good! It’s about time that new institutions apply some much-needed market pressure to the monopolistic mess that is modern higher education. According to tax filings obtained by Bloomberg, Musk has already committed $100 million to the project via his charity, The Foundation. His plan, which was approved by the IRS for tax-exempt status in March, is to establish a primary and secondary school first, then to break...