Billionaire Plans Titanic Wreck Visit Two Years After OceanGate Disaster

Two years after the tragic OceanGate Titan submersible implosion that killed five people, including CEO Stockton Rush, another billionaire plans to undertake a deep-sea expedition to visit the Titanic wreck, located about 12,500 feet below the Atlantic surface. The identity of this billionaire remains undisclosed, but the journey is expected to cost around $10 million, and the announcement aims to mark the first manned descent since the 2023 disaster. Patrick Lahey, CEO of Triton Submarines, is developing a new commercially available submersible capable of safely completing the journey, reflecting renewed interest in Titanic exploration despite the inherent risks. The Titanic wreck continues to captivate billionaires and explorers alike, with previous owners of deep-diving submersibles including notable figures like Ray Dalio and Roman Abramovich. Recent expeditions, such as the one by RMS Titanic, Inc. in 2024, have focused on scientific documentation and preserving the wreck rather than tourism. The upcoming expedition symbolizes efforts to restore confidence in submersible exploration following the fatal failures identified in the OceanGate operation.