23 Jan The Trillion Dollar Club
Alphabet (GOOG) – the parent company of Google – joined an exclusive club last week, becoming the third publicly-traded U.S. company to exceed a valuation of $1 trillion. The other two members of the club – Apple (AAPL) and Microsoft (MSFT) – first reached the mark in August 2018 and August 2019 respectively.
Amazon (AMZN) might be considered by some as an honorary member of the club, having reached the $1 trillion valuation briefly in 2018, but has traded below the mark since. Amazon would be the odds-on favorite to reach the $1 trillion mark, with a current market cap of more than $935 billion, $300 billion more than its next closest competitor.
The chart below shows the ten largest U.S. publicly-traded companies:
Data as of 1/23/2020
To help put the massive size of Apple, Microsoft and Google in perspective, the trio’s combined market value of over $3.6 trillion exceeds the total value of the smallest 250 companies in the S&P 500.
Of course, even members of the Trillion Dollar Club have reason to feel small. Saudi Aramco briefly hit $2 trillion following its December IPO, and currently sits above $1.8 trillion.