Following a narrow defeat to Senator Ted Cruz in Texas, O'Rourke, the celebrity-backed Democrat and former punk rocker, told his supporters he was "so f-ing proud" of them at the end of his concession speech in El Paso.
"Beto O'Rourke, he's showing the f-ck up".
"That's the first news of the evening...they can now open investigations into the President and we can finally find out if Donald Trump has ever done anything unethical", Colbert, 54, stated according to The Hollywood Reporter.
Throughout the campaign, Cruz has assured voters that Texas is and will remain a conservative stronghold, frequently dismissing O'Rourke's media attention as hype.
Early race results had Cruz and O'Rourke neck-and-neck, but Cruz ultimately came out on top.
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A Texas Democrat hasn't won any of the almost 30 statewide offices since 1994, the country's longest losing streak.
Trump took the unexpected step of travelling to reliably Republican Texas during crunch time, staging a Houston rally to energise his base for Cruz just two weeks before Election Day.
In 2016, Cruz ran for president in a crowded GOP primary. He set fundraising records and made Cruz work for the victory, but Cruz ultimately pulled out a three-point victory.
Cruz is projected to win their close Senate race in Texas. In total, Cruz and O'Rourke raised more than $100 million. Instead of tacking to the center on key issues like gun control, immigration, abortion, and health care, O'Rourke ran on a platform that was more or less indistinguishable from that of Bernie Sanders.