Two years after the OceanGate Titan submersible implosion, a billionaire is reportedly preparing to descend to the wreck of the Titanic, as reported by The Daily Mail.
According to industry insiders, the unnamed individual is planning to travel 2.4 miles (3.8 kilometers) beneath the ocean’s surface in the coming weeks to visit the Titanic. The cost of the voyage is estimated at $10 million.
A well-known billionaire plans to dive to the Titanic wreck in a submersible in a few weeks, two years after the OceanGate disaster.
The $10 million expedition aims to be the first to visit the wreck since OceanGate’s implosion. pic.twitter.com/G9eCxjXFWT
— Pirat_Nation (@Pirat_Nation) August 20, 2025
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“What I can tell you is that it’s a billionaire,” an insider told the New York Post. “Going down there will cost $10 million (£7.4 million). You would recognize the name. He’ll want to make an announcement that he is the first person to go to the Titanic since the tragedy.”
The Titanic has not been visited since June 2023, when OceanGate’s Titan submersible imploded during its descent, killing all five passengers.
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Pieces of the vessel were later located on the floor of the North Atlantic Ocean, confirming a catastrophic failure less than two hours after launch.
Those killed in the incident included OceanGate CEO Stockton Rush, who had promoted his company as the first to bring paying tourists to the Titanic wreck.
The U.S. Coast Guard report on the 2023 Titan sub disaster cites weak safety, ignored warnings, and flawed design by OceanGate’s CEO Stockton Rush, whose negligence contributed to the fatal implosion. Had he survived, criminal charges were likely. – Military Times pic.twitter.com/VLaTbtMmQR
— Faytuks Network (@FaytuksNetwork) August 8, 2025
Each seat cost $250,000. Following the disaster, multiple safety concerns were raised about the Titan submersible, including its use of a carbon-fiber hull instead of titanium.
A recent U.S. Coast Guard report stated that the pressure chamber’s materials were a primary cause of the implosion.
Experts in deep-sea exploration had warned Rush for years about the dangers of what they described as “experimental” methods. Among them was David Lochridge, Titan’s former director of marine operations, who pushed for more rigorous safety testing.
After a two-year investigation into the 2023 Titan implosion, the United States Coast Guard found that OceanGate was at fault for the tragedy that killed five people. https://t.co/D4BYXakrkH pic.twitter.com/t3eKbFUt3U
— E! News (@enews) August 5, 2025
Other reports revealed that the vessel had been controlled with a device resembling a video game controller.
The tragedy prompted renewed scrutiny of luxury deep-sea tourism, but interest in the Titanic has not faded. Patrick Lahey, CEO of Triton Submarines, said his company is working on a submersible capable of reaching the wreck safely.
“Besides it being a wreck of historical significance, the fact that it lies at such great depths makes it fascinating to visit,” Lahey told the New York Post.
“Titanic is a wreck that’s covered in marine life and soft coral. People want to go there for the same reason they want to climb Mount Everest.”
Online speculation has identified potential candidates for the upcoming dive, including Elon Musk, Jeff Bezos, and Larry Connor. Other wealthy individuals known to have owned submersibles include Wall Street investor Ray Dalio and Russian businessman Roman Abramovich.
The Titanic sank in April 1912 after striking an iceberg, killing more than 1,500 passengers and crew. Its wreck was first discovered in 1985 and has been visited by numerous expeditions since.
If confirmed, the upcoming trip would mark the first human visit to the site since the OceanGate disaster.
BILLIONAIRE PLANS TITANIC DIVE TWO YEARS AFTER OCEANGATE TRAGEDY
The Titanic, resting 12,500 feet below the North Atlantic, is set to lure another billionaire adventurer.
Two years after the OceanGate disaster that killed five, insiders say a wealthy figure is preparing a… https://t.co/cqQHFUMmvx pic.twitter.com/bl0nXjcRgF
— Mario Nawfal (@MarioNawfal) August 19, 2025
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