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Reports: Billionaire Plans $10 Million Titanic Dive Two Years After Titan Implosion

The unconfirmed bid comes as established operators push certified craft after the Coast Guard faulted OceanGate’s safety failures.

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The wreck of the Titanic lies 12,500 feet below the North Atlantic Ocean

Overview

  • A source quoted by the New York Post says a well-known billionaire is preparing an imminent manned trip to the Titanic wreck, with the voyage priced near $10 million.
  • The individual’s identity and technical details have not been disclosed, and the claim has not been independently verified by the outlets cited.
  • The U.S. Coast Guard’s Marine Board found the 2023 Titan implosion was preventable, citing design and operational lapses and noting a mostly fiberglass pressure hull in place of traditional titanium.
  • The investigation said OceanGate operated outside established deep-sea protocols, a finding now central to calls for formal accreditation and stricter oversight of human-rated dives.
  • Triton SubmarinesCEO Patrick Lahey says a new commercially available sub intended for Titanic depths is in development, with advocates pointing to certification as the baseline for future missions.