With only five companies worldwide currently valued above $1 trillion, it's an exclusive club few can ever hope to reach. However, three stocks are knocking on the door and could reach $1 trillion by 2030: Nvidia (NASDAQ: NVDA), Tesla (NASDAQ: TSLA), and Meta Platforms (NASDAQ: META).

There are a couple different ways to reach a $1 trillion market cap, which is calculated by multiplying share price by the number of shares outstanding. First, a company could be so large that the business warrants a trillion-dollar valuation due to its size. Second, investors may think highly of the company and place a premium on the share price because they are excited about the company's prospects.

Nvidia and Tesla fall into the latter camp, while Meta Platforms may gain entry due to its size.

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Source Fool.com