For added reference, the company's stock reached $1,000 in October of 2017, and broke $100 in October of 2009.

Interestingly, as The Verge points out, Amazon is only the third company internationally to hit a $1 trillion market cap.

Apple took nearly 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years.

Amazon.com founder and CEO Jeff Bezos.


Its stock surged during morning trading on the Nasdaq, reaching the milestone when its share price hit $2,050.50 per share.

It's official: Amazon is the second United States company to achieve a valuation of more than $1 trillion.

Amazon is the second U.S. company to hit that mark, driven by its continued dominance in the retail world and its highly profitable cloud services business.

Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion ($NZ1.53tn). The company has more than 487.7 million outstanding shares, according to its most recent financial filing.


Amazon's stock rose 1.7 per cent overnight, putting its market value at just over $US1 trillion ($A1.4 trillion). The 54-year-old is now worth more than $166 billion, according to Bloomberg's billionaires index on Tuesday. "Now that it has several high-margin revenue streams, we're seeing those doubts subside".

Bezos' riches have largely come through his ownership of 16.3% of Amazon's outstanding stock.

By the end of that year, Amazon was selling books online throughout the US. "We know there is much we can do better, and we find tremendous energy in the many challenges and opportunities that lie ahead".


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