OpenAI, SpaceX, and Databricks Could Hit Trillion-Dollar Valuations by 2030
Walmart became one of the few companies to exceed a $1 trillion market value earlier this year. Yet its high valuation has drawn attention to other firms with even stronger growth potential. Several US businesses, including OpenAI, SpaceX, and Databricks, are now tipped to join the trillion-dollar club by 2030.
OpenAI's rapid expansion makes it a leading candidate for a trillion-dollar valuation. Its AI subscriptions, such as ChatGPT, could push annual revenue to $170 billion—despite the company still operating at a loss. SpaceX, meanwhile, might surpass $1.5 trillion if it pursues an IPO, backed by its ambitions in space exploration and AI. Databricks also stands out, with revenue jumping 55% to $4.8 billion in 2025. Its data intelligence platform serves over 20,000 customers, including many Fortune 500 firms.
Among established giants, Walmart's forward price-to-earnings (P/E) ratio sits at 45.2—almost double the S&P 500's average of 23.6. This makes it look expensive compared to peers like ASML, which trades at a lower 40.2 P/E despite stronger growth prospects. ASML has already climbed 31.5% this year, offering investors indirect exposure to AI growth without betting on a single chipmaker or cloud provider.
Visa remains a standout performer with its high-margin business model. The company earns steady profits from payment processing, avoiding credit risk while benefiting from rising transaction volumes. ExxonMobil, too, has seen a strong 2026, yet still appears undervalued. It has increased its dividend for 43 straight years and promises double-digit earnings growth through 2030, even if oil prices stay modest.
Walmart's trillion-dollar milestone highlights the scale of today's corporate giants. But with OpenAI, SpaceX, and Databricks on track for similar valuations, the next wave of trillion-dollar firms may arrive sooner than expected. Meanwhile, companies like ASML, Visa, and ExxonMobil continue to deliver solid returns, each with distinct strengths in growth, margins, or dividends.
