Amazon just became the second member of the trillion-dollar club.

The e-commerce giant hit the 13-digit milestone Tuesday morning when its stock briefly surged to $2050.50, passing the $2,050.27 mark to win a $1 trillion market capitalization.

The web-retailing giant — founded in 1994 when Jeff Bezos started selling books out of his garage in Seattle — crossed the stratospheric threshold just over a month after Apple became the first company to do so on Aug. 2.



The Seattle company couldn’t maintain the momentum until the closing bell, though — its shares finishing the day up 1.3 percent, to $2,039.51. That closing price left Amazon with a market cap of just under $995 billion.

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It took Apple 35 years as a public company to reach a trillion, and Amazon just 21 years. Both are now trailed by Microsoft and Alphabet, parent of Google, which are both roughly $150 billion shy of the $1 trillion mark.

Facebook, meanwhile, currently sits just under $500 billion, as Wall Street continues to fret that privacy concerns will dog its growth and profitability.

Amazon’s stock has more than doubled over the past year, having hit $1,000 only last October. Over the past decade, it has surged more than 3,000 percent as it has expanded from selling books to becoming a major player in tech and entertainment with its Echo devices and Oscar-nominated films.

Bezos is now worth over $165 billion, well ahead of runner-up Bill Gates, whose wealth clocks in at just over $98 billion, according to Bloomberg.

Source: Amazon value hits $1 trillion