Tracking $1 Trillion

The companies on track to reach a trillion-dollar valuation the quickest

As of June 2021, there are just five companies worldwide that have reached a valuation of $1 trillion: Apple, Microsoft, Saudi Aramco, Amazon, and Alphabet, but who could be next to join this exclusive club?

Of course, these things are hard to predict, with valuations subject to all kinds of uncertainties (such as a global pandemic for example…) but using the last ten years of growth, we’ve tried to see which companies could be on the trail of the trillion-dollar club.

While some companies have experienced pretty rapid growth in the last decade or so, for others the increase in value is much more incremental.

The companies on track to reach a trillion-dollar valuation the quickest

Rank
Company
Country
Sector
Current market
cap ($)
Average annual
growth rate
Estimated year of
$1t valuation
Estimated years
until $1t valuation

View all companies

The current trillion-dollar club members

There are currently just five companies that can claim a trillion-dollar valuation, four of which are based in the United States.

Apple is the world’s only $2 trillion company, hitting that landmark in August 2020, just two years after achieving $1 trillion status.

State-backed Saudi oil company Saudi Aramco also briefly matched a $2 trillion valuation on only its second day of trading on the stock market, although shares have since dipped again.

Amazon is likely to be the next $2 trillion company, with a current valuation of about $1.7 trillion and strong annual growth of 47.63% a year, while the likes of Microsoft and Alphabet likely won’t be too far behind!

The current trillion-dollar club members current market cap

The companies on course for $1 trillion the quickest

1

Facebook

Current market cap:

$947bn

Average annual growth rate:

40.24%

Estimated year of $1t valuation:

2022

Seeing as their market valuation currently stands at around $950bn it should be no surprise that Facebook is likely to be the next company to hit a trillion-dollar valuation, especially when you also take into account the fact that their valuation has increased at an average rate of 40.24% a year. The social media giant has acquired the likes of Instagram and WhatsApp over the last few years and therefore become an integral part of many of our lives, so surely it’s only a matter of time, even though each of these apps are free to use.

2

Tencent

Current market cap:

$742bn

Average annual growth rate:

97.04%

Estimated year of $1t valuation:

2022

Moving away from the US, the Chinese tech conglomerate holding company Tencent has a market valuation of around $740bn in June 2021, around $200bn less than Facebook, but it has also crucially seen much quicker growth, growing by just under double each year over the past decade. In fact, Tencent was on the verge of a trillion-dollar valuation in February this year, reaching $916bn, before tumbling again.

3

Tesla, Inc.

Current market cap:

$584bn

Average annual growth rate:

123.87%

Estimated year of $1t valuation:

2022

One of the companies that have experienced the greatest growth in recent years is Tesla, which has quickly established itself as the world’s most valuable carmaker, ahead of industry giants which have been around for generations. While its market value is some way off a trillion at $584bn, an annual growth rate of 123.87% means that Elon Musk’s disruptive EV company could be hitting a trillion-dollar valuation fairly soon, although, like Tencent, it has seen its market cap drop off slightly in recent months.

The average estimated time to hit $1 trillion

Of the 50 biggest publicly traded companies in the world, based on average growth rates over the past decade, three would hit a trillion-dollar valuation in the next year, with a further two (Comcast and Meituan) to do so by 2022 and three more to do so by 2023 (Nvidia, Kweichow Moutai, and Netflix).

However at the other end of the spectrum, despite their high valuations, some of these companies have experienced very slow growth, and therefore unless conditions change, are some way off the trillion-dollar club, such as Pfizer, with a current valuation of $222bn and annual growth rate of just 0.76%.

Across each of these companies (excluding those already worth $1 trillion), the average estimated year to hit the landmark is 2043, in 22 years.

Number of years to hit $1 trillion and average year

The fastest-growing sectors

Excluding those sectors with just one company in the top 50 most valuable, the fastest growing was telecommunications, with an average annual growth rate of 65.85%, including Comcast, which has had an incredible average growth of 186.93%.

This was closely followed by automotive, with an average growth rate of 65.49% (largely due to Tesla), with entertainment companies such as Netflix and Disney in third place with an average growth of 43.91%.

Number of years to hit $1 trillion and average year

Rank
Sector
Total current market cap ($bn)
Average annual growth rate

Methodology

We looked at the 50 most valuable publicly traded companies in the world as of June 9th, 2021, taking their market capitalization as of this date, according to CompaniesMarketCap.com.

We then took an average of the annual growth rates over the last ten years (or the total number of years the company has been publicly traded if it was less than ten years) from the same source and applied to to the current market cap and seeing how many years it would take each company to hit a market cap of $1 trillion.

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