We have magnetically trapped and evaporatively cooled atomic molybdenum. Using a cryogenic helium buffer gas, $2\ifmmode\times\else\texttimes\fi{}{10}^{10}$ molybdenum atoms are loaded into a magnetic trap at an initial temperature of 500 mK. The molybdenum atoms undergo two-body decay with a measured inelastic rate constant of ${g}_{\mathrm{in}}=(1.2\ifmmode\pm\else\textpm\fi{}0.6)\ifmmode\times\else\texttimes\fi{}{10}^{\ensuremath{-}12}\phantom{\rule{0.3em}{0ex}}{\mathrm{cm}}^{3}\phantom{\rule{0.2em}{0ex}}{\mathrm{s}}^{\ensuremath{-}1}$ for the initial conditions after loading. The molybdenum atoms are cooled by adiabatic expansion and forced evaporation to 200 mK.