How the Musk Foundation’s grants and carbon-removal prize unfolded

The 2024 return reports $14.73 billion in year-end assets at fair market value and $474.38 million in qualifying distributions. XPRIZE announced the carbon-removal competition’s final awards in April 2025.

  1. 23 Apr 2025Mati Carbon wins the grand prize
  2. 2024The return reports $474 million in grants
  3. 2023Annual qualifying distributions rise
  4. 22 Apr 2022Fifteen teams receive milestone awards
  5. 2022The next return records further contributions
  6. 10 Nov 2021Student teams win the first awards
  7. 8 Feb 2021A $100 million carbon-removal competition is announced
  8. 2021Contributions increase the foundation’s resources
Latest 8 of 9 sourced events · Full timeline on How It Unfolded →