Technology is evolving everyday. All thanks to tech companies who have made this possible. Their contributions towards tech today have made them 1 trillion dollar companies.
In today’s fast-paced global economy, a few companies have reached an astonishing milestone: a valuation of one trillion dollars. These companies are leaders in their fields, influencing industries and economies worldwide.
They range from tech giants driving innovation to industry disruptors changing the game. Their success stories highlight the incredible potential in today’s business world.
In this article, we’ll take a closer look at these trillion-dollar companies and their remarkable accomplishments.
Contents
- 1 7 Best 1 Trillion Dollar Companies
- 1.1 What is a Trillion-Dollar Company?
- 1.2 Which was the First Trillion-Dollar Company?
- 1.3 1 Trillion Dollar Companies List [June-2024]:
- 1.4 Companies That Touched 1 Trillion Dollar Mark
- 1.5 Which Companies Are Next to Join 1 Trillion Dollar Companies?
- 1.6 Conclusion
- 1.7 Frequently Asked Questions (FAQs)
7 Best 1 Trillion Dollar Companies
Any company which wants to reach 1 trillion dollars by evaluation has to cross many hurdles. In order to reach such milestones, they have to not only grow and expand their businesses but also make profits.
Before we get started with a trillion dollar company list, let us first understand the basics of what makes a company a trillion dollar company.
What is a Trillion-Dollar Company?
A trillion-dollar company is a huge deal in the business world. It means the company’s value on the stock market has gone over $1 trillion.
This shows that the company is really big, very successful, and has a lot of influence in the global economy. Companies like Apple, Microsoft, Amazon, and Alphabet have reached this milestone.
They’ve not only made a lot of money but also changed industries and affected our daily lives.
Being a trillion-dollar company is a sign of exceptional achievement and puts these companies in a unique category.
Infographics: Trillion Dollar Companies Club
Which was the First Trillion-Dollar Company?
PetroChina was the first company in the world to hit a trillion-dollar valuation. It achieved this on its first trading day on the Shanghai Stock Exchange on November 5, 2007, though it didn’t stay at that level for long.
The first U.S. company to reach a trillion-dollar valuation was Apple, which did so on August 4, 2018.
Since then, other companies have joined this exclusive club, including Amazon, Microsoft, Saudi Aramco, and Alphabet. Saudi Aramco stands out as the only non-American company among these giants.
1 Trillion Dollar Companies List [June-2024]:
Below is the list of companies who have made it to the one trillion dollar companies list in the world:
- Apple
- Microsoft
- Saudi Aramco
- Alphabet
- Amazon
- NVIDIA
- Meta
Table: Trillion Dollar Companies – Market Capitalization
1. Apple
Company Name: APPLE INC. (AAPL)
Headquarters: Cupertino, California, United States
Founder: Steve Jobs, Steve Wozniak, and Ronald Wayne
Founded: 1976
Image: Apple – Trillion Dollar Companies
Apple surprised many when it became the first U.S. company to reach a trillion-dollar valuation in 2018.
Although it had been listed among Fortune’s World’s Most Powerful 50 companies for several years, its market value fell below $800 billion in 2019, partly due to a struggling U.S. stock market.
However, Apple’s stock rebounded, and by early December 2019, its market capitalization reached $1.3 trillion.
Apple continued to break records, becoming the first U.S. company to hit a $2 trillion valuation on August 19, 2020, and then reaching $3 trillion on January 3, 2022. To put this in perspective, Apple’s market cap is higher than the GDP of countries like Italy, Canada, Australia, and Brazil.
Apple’s incredible stock market journey shows its resilience and ability to set new market milestones, cementing its status as a global powerhouse.
2. Microsoft
Company Name: MICROSOFT CORP. (MSFT)
Headquarters: Redmond, Washington, United States
Founder: Bill Gates, Paul Allen
Founded: 1975
Image: Microsoft – Trillion Dollar Companies
In April 2019, Microsoft hit a major milestone by reaching a valuation of $1 trillion. This achievement confirmed Microsoft’s status as one of the world’s most valuable and influential tech companies.
By the second half of 2020, Microsoft was one of just three companies in the trillion-dollar club.
Like its competitors, Amazon and Apple, Microsoft saw significant growth thanks to its cloud computing service, Azure, which helped drive its rapid expansion.
3. Saudi Aramco
Company Name: SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO OR ARAMCO, 2222.SR)
Headquarters: Dhahran, Saudi Arabia
Founder: NA
Founded: 1933
Image: Saudi Aramco – Trillion Dollar Companies
Saudi Aramco was founded in 1933 after the Saudi Arabian government and the Standard Oil Company of California (SOCAL) signed a concession agreement.
On its first trading day in December 2019, Saudi Aramco hit two major milestones. It reached a trillion-dollar valuation right away, marking the biggest IPO in history. The next day, its market value soared past $2 trillion.
Aramco is unique among trillion-dollar companies because it’s listed outside the U.S., trading on Saudi Arabia’s stock exchange. This makes it tough for individual investors outside the region to buy shares in this highly valuable company.
4. Alphabet
Company Name: ALPHABET, INC. (GOOG)
Headquarters: Mountain View, California, United States
Founder: Larry Page, Sergey Brin
Founded: 2015
Image: Alphabet – Trillion Dollar Companies
Alphabet, Google’s parent company, is another major player in the trillion-dollar club. It reached this milestone in January 2020, becoming the fourth U.S. tech company to do so.
Shortly after, Amazon also hit the trillion-dollar mark again, marking the first time four U.S. tech companies had reached that level simultaneously.
Alphabet’s rise to trillion-dollar status shows its huge influence in the digital world, thanks to its cutting-edge technologies, diverse business ventures, and global reach.
With Google’s search engine at its core, Alphabet continues to reshape industries, adopt new technologies, and influence the future of information and connectivity.
5. Amazon
Company Name: AMAZON.COM, INC. (AMZN)
Headquarters: Seattle, Washington, United States
Founder: Jeff Bezos
Founded: 1994
Image: Amazon – Trillion Dollar Companies
Amazon reached the $1 trillion mark a month after Apple, but it faced challenges during the 2018 market slump. However, by January 2020, Amazon bounced back, beating analyst expectations and announcing it had 150 million Prime members.
In recent years, Amazon’s value has grown rapidly, pushing founder Jeff Bezos’s net worth over $100 billion.
The company’s relentless growth, outstanding customer service, and vast product range have solidified its position among the top trillion-dollar companies.
6. NVIDIA
Company Name: NVIDIA CORP. (NVDA)
Headquarters: Santa Clara, California, United States
Founder: Jensen Huang, Chris Malachowsky, Curtis Priem
Founded: 1993
Image: NVIDIA – Trillion Dollar Companies
NVIDIA, a well-known tech company famous for its advanced graphics processors (GPUs), joined the exclusive trillion-dollar club on May 30, 2023.
NVIDIA’s strong focus on AI has driven its steady growth over the years. The recent surge in interest and investment in AI has boosted NVIDIA’s sales to new heights, helping it achieve this milestone.
While its market cap has fluctuated since reaching the trillion-dollar mark, NVIDIA remains a powerful player in the tech industry.
7. Meta
Company Name: META PLATFORMS, INC. (META)
Headquarters: Menlo Park, California, United States
Founder: Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes
Founded: 2004
Image: Meta – Trillion Dollar Companies
Meta, previously known as Facebook, briefly joined the trillion-dollar club in terms of market value for about three months in 2021. However, like Tesla, Meta’s value dropped later, causing it to exit the trillion-dollar club.
Despite these ups and downs, Meta continues to be a major player in the tech world, driving innovation and influencing the digital scene with its social media platforms and technological advancements.
In January 2024, Meta’s market cap surpassed $1 trillion once again. This marks Meta’s comeback to the trillion-dollar company club after a period of recovery in 2023.
Companies That Touched 1 Trillion Dollar Mark
Tesla briefly became part of the exclusive trillion-dollar club and reached unprecedented levels of market value.
1. Tesla
Company Name: TESLA, INC. (TSLA)
Headquarters: Austin, Texas, United States
Founder: Elon Musk, Martin Eberhard, JB Straubel, Ian Wright, Marc Tarpenning
Founded: 2003
Market Cap: $542.73 billion (June-2024)
Image: Tesla – Trillion Dollar Companies
On Monday, October 25th, 2021, Tesla had a great trading day, pushing its market cap over $1 trillion for the first time. The stock soared 10% following exciting news from Hertz and Morgan Stanley.
Tesla, known for its electric vehicles, briefly joined the trillion-dollar club in market value. But its journey in and out of this elite club has been bumpy, marked by ups and downs.
Despite hitting the trillion-dollar mark at times, Tesla’s value has fluctuated, and it dropped out of the club in April 2022. Nevertheless, Tesla’s innovations in the electric vehicle industry continue to shape the future of transportation and keep it as a key player in the market.
Which Companies Are Next to Join 1 Trillion Dollar Companies?
Warren Buffett’s Berkshire Hathaway is on track to potentially join the trillion-dollar club, but there’s still a long way to go. Visa, with over 60 years of experience, isn’t shy about exploring new opportunities.
They’re always looking for ways to grow, often investing in and buying other companies. Surprisingly, their cautious approach has paid off, especially with recent wins in cryptocurrency investments.
But it’s crucial to remember that being contenders doesn’t mean they’ll automatically become the next trillion-dollar companies.
The competition is fierce, and it’s anyone’s game. Only time will reveal who will ultimately earn that prestigious title.
Conclusion
The world is seeing more and more trillion-dollar companies emerge. So far, only eight companies have reached the $1 trillion mark globally, and experts predict this number will more than double in the years ahead.
The next trillion-dollar company is poised for success. It doesn’t matter which industry it belongs to or where it originates from.
Any company that joins this elite list will have a lot to live up to. History shows that reaching and sustaining this level of value is no easy feat.
Frequently Asked Questions (FAQs)
How many trillion-dollar companies are there?
As of June 2024, there are a total of 7 one trillion-dollar companies, viz., Apple, Nvidia, Amazon, Microsoft, Saudi Aramco, Microsoft, and Alphabet.
Is Tesla a trillion-dollar company?
No, Tesla is no longer a 1 trillion-dollar company. It briefly joined the exclusive trillion-dollar companies list in terms of market valuation. As of June 2024, the market cap of Tesla stands at $556.13 billion.
Is Meta a trillion-dollar company?
Yes, Meta is a trillion-dollar company with $1.119 trillion market capitalization as of June 2024.
Which was the first trillion-dollar company?
PetroChina was the first company to reach a $1 trillion market value.
“Hey, I am Sachin Ramdurg, the founder of VDiversify.com.
I am an Engineer and Passionate Blogger with a mindset of Entrepreneurship. I have been experienced in Blogging for more than 5+ years and following as a youtuber along with blogging, online business ideas, affiliate marketing, and make money online ideas since 2012.