Billionaire Plans Visit To Titanic Wreckage In New Sub

Nearly a year after the tragic implosion of the OceanGate Titan submersible, billionaire real estate investor Larry Connor has announced plans to visit the Titanic wreckage in a new submersible built by Triton Submarines. Connor, in partnership with Triton co-founder and CEO Patrick Lahey, aims to demonstrate that deep-sea exploration can be safe and enjoyable when done correctly.

The $20 million Triton 4000/2 Abyssal Explorer, a two-person submersible, will take Connor and Lahey 3,800 feet below the ocean’s surface to the iconic shipwreck. “I want to show people worldwide that while the ocean is extremely powerful, it can be wonderful and enjoyable and really kind of life-changing if you go about it the right way,” Connor told The Wall Street Journal.

Lahey, who had been critical of OceanGate CEO Stockton Rush’s design choices and predatory tactics, believes this expedition will help restore confidence in the industry following the Titan disaster. “He called me up and said, ‘You know, what we need to do is build a sub that can dive to [Titanic-level depths] repeatedly and safely and demonstrate to the world that you guys can do that, and that Titan was a contraption,'” Lahey said.

The OceanGate Titan submersible imploded during its descent to the Titanic in June 2023, killing all five people on board, including Rush himself.