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Beto O'Rourke, the affable former congressman who rose to political stardom past year when he almost ousted a Republican senator in traditionally conservative Texas, reportedly said Wednesday he is running for president. "I don't see how we're able to meet any of the fundamental challenges that we have as a country without, in part, harnessing the power of the market". "This city is the best example of this country at its best".

O'Rourke is heading to Iowa for several campaign events, including a stop at Northern Iowa University to stump for Eric Giddens, who is running for a special election for a state senate seat.

Beto O'Rourke officially launched his 2020 presidential campaign Thursday following months of speculation.

Starting with the Iowa caucuses next year, the Democrat who amasses the majority of delegates nationwide in a series of nominating contests will be nominated at the party's convention in the summer, and will likely face Trump in November's general election.

"I had to be moving, I had to be meeting people", O'Rourke told Oprah Winfrey in a February interview.

Klobuchar said she does not believe O'Rourke tightens her lane - "I don't think there's lanes yet" - and dodged a question about his ability to raise money after he raised and spent $80 million in his Texas Senate race.

CNN reported previously that O'Rourke was ready to "push the button" on a White House effort.

On "Fox & Friends" Thursday, Gingrich, a Fox News contributor and former House Speaker, predicted that O'Rourke's destiny is to "keep losing". Another Texas Democrat, former Obama administration housing chief Julian Castro, was already running. "It's just how I think, how I find the next step".

"I'm a capitalist", O'Rourke told reporters last month.

O'Rourke garnered star power previous year during his high-profile challenge to Cruz.

It wasn't the first time O'Rourke generated national attention for taking on Trump.

Ending his announcement video in momentous terms, O'Rourke said, "We are truly now, more than ever, the last great hope of Earth".

Beto O'Rourke doesn't seem to have any policy positions on his campaign website yet - but he does have lots of merchandise for sale.