Amazon is the second USA company to reach a $1 trillion valuation, after Apple hit the milestone earlier this month.
Amazon has become the second publicly traded company to be worth $US1 trillion, hot on the heels of Apple.
Apple was named as the first publicly listed United States company to be valued at $1,000,000,000,000 on August 2.
After the internet shopping giant surged past that $1 trillion mark, today, experts are saying it could even be bigger than the makers of the iPhone. The company's valuation has been teasing around the $1 trillion for a little while now, though all of that wait finally finished once the share price hit $2050.50.
Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months.More news: Do you agree with the Trans Mountain pipeline ruling?
Less than 25 year later, the company has garnered a major presence in everything from retail, to groceries, to video streaming, helping it rack up revenues of $178bn (£139bn) last year.
The Seattle e-commerce company's share price was $2,049.50 at 11:35 a.m.
Congratulations on the $1,000,000,000,000, Jeff Bezos.
Wall Street has grown very enthusiastic about Amazon's other businesses.
'We expect Amazon to continue doing well going forward, with the company having a proven ability to expand into new markets.