Elon Musk—Funded $100 million XPRIZE Carbon Removal competition - largest incentive prize in history
The Musk Foundation funded the $100 million XPRIZE Carbon Removal competition, the largest incentive prize in history, attracting 1,300+ teams from 88 countries to develop carbon dioxide removal technologies. The grand prize of $50 million was awarded to Mati Carbon in April 2025, with $20 million to NetZero and additional milestone awards. The competition also provided twenty-five $200,000 student scholarships.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Climate Action | +toward | primary | +1.00 |
| Overall incident score = | +0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Funded $100 million XPRIZE Carbon Removal competition - largest incentive prize in history
The Musk Foundation funded the $100 million XPRIZE Carbon Removal competition, the largest incentive prize in history, attracting 1,300+ teams from 88 countries to develop carbon dioxide removal technologies. The grand prize of $50 million was awarded to Mati Carbon in April 2025, with $20 million to NetZero and additional milestone awards. The competition also provided twenty-five $200,000 student scholarships.