'A star is born:' Elon Musk's big bet on Trump pays off

Elon Musk’s massive bet on President-elect Trump appears to have paid off, as the billionaire owner of Tesla and SpaceX looks ahead to an administration likely to boost his companies and his own political power. 

Trump was projected to win the presidency as of early Wednesday morning, squarely defeating Vice President Harris in the Electoral College and capturing the popular vote for the first time. 

In his victory speech in the wee hours of the morning, the president-elect offered a shoutout to Musk.