When did OceanGate disaster happen? Unknown billionaire reportedly planning to visit the Titanic shipwreck via a submersible in a few weeks

An anonymous billionaire is reportedly planning to visit the Titanic shipwreck site underwater two years after the OceanGate disaster. An announcement regarding the same also seems to be on the way.

According to a New York Post article dated August 18, 2025, a mysterious billionaire is reportedly gearing up to visit the site of the Titanic shipwreck in "a couple weeks." This visit will be significant as it is the first time someone has attempted to visit the shipwreck site since the infamous Titan Submersible disaster.

"I heard that somebody is going down to the Titanic in a couple weeks. What I can tell you is that it's a billionaire. Going down there will cost $10 million. You would recognize his name. He'll want to make an announcement that he is the first person to go to the Titanic since the tragedy," an unnamed source told the New York Post.

Since the Titanic shipwreck in 1912, people around the world have been intrigued by it. An extensive amount of research has been conducted regarding the incident and the ship. OceanGate is one such company interested in the wreckage. In June 2023, they sent a submersible named Titan down to the North Atlantic Ocean to view the remains of the Titanic on the oceanbed.

However, the trip remained unsuccessful as the Titan submersible imploded shortly after it took its dive. The OceanGate disaster took place on June 18, 2023. There were five people on board. The site is located 12,500 feet below sea level.

Triton Submarines CEO is building a new submersible to visit Titanic shipwreck site following OceanGate disaster

The aforementioned article by the New York Post also included an interview with Triton Submarines CEO Patrick Lahey. He spoke about building a new submersible to visit the site of the Titanic shipwreck, which will reportedly be commercially available. Lahey spoke about how, even 113 years after the tragedy, the "Ship of Dreams" continues to remain a mystery for people.

"Besides it being a wreck of historical significance, the fact that it lies at such great depth makes it fascinating to visit. Titanic is a wreck that's covered in marine life and soft coral. People want to go there for the same reason that they want to climb Mount Everest," Lahey said.

The CEO added that the approximate cost of the submersible he was building would be around $20 million, and it is expected to be completed by 2026.

"I'm very excited to be building this and to change the narrative," he said.

Apart from privately owned submersibles, other vehicles that can travel to the depth of the shipwreck site are owned by government navies. For instance, the Nautile, owned by the French Deep Submergence Vehicle (DSV), can carry three people 20,000 feet below sea level, as reported by the New York Post. Nautile was also used to search for the OceanGate submersible, Titan, after its disappearance.

The American and Russian navies also own such submersibles, some of which have been used for research purposes related to the shipwreck and its remains.

Two years ago, before the Titan submersible disaster, OceanGate had claimed that they were the first to allow ordinary tourists to visit the shipwreck site in the Atlantic Ocean. Each tourist was charged $250,000, according to the outlet.

However, all five people in the submersible died after it imploded, with many blaming the CEO and captain, Stockton Rush, for the disaster. As per a US Coast Guard report released earlier this month, the pressure hull of the OceanGate submersible was made of fiberglass instead of its usual titanium, causing the implosion, reported the New York Post.

The report also blamed Rush for not following safety protocols. It highlighted that the CEO did not take proper measures after a July 2022 incident, when the submersible was stuck in the wreckage and suffered a lot of damage.

For the unversed, the RMS Titanic was a gigantic ship that collided with an iceberg in April 1915, sinking to the depths of the Atlantic Ocean. The 1997 classic starring Leonardo DiCaprio and Kate Winslet, directed by James Cameron, is based on the same incident.

About the author

Pratyasha is a Pop Culture and a European Football writer for Sportskeeda. She holds a Bachelor’s degree in English Literature, and has over 3 years of experience in the pop culture industry. Throughout her career, Pratyasha has always emphasized detailed background checks, and believes in verifying all information regardless of how correct it may seem.

Pratyasha is an ardent admirer of Lionel Messi and has followed his journey since she was a kid; he inspires her with his dedication and humility. She has grown up watching, living, and breathing Satyajit Ray's cinema, which she believes is timeless. She loves Taylor Swift’s music and thinks she's a lyrical genius, and also admires Shah Rukh Khan, Ranbir Kapoor, and Deepika Padukone.

When Pratyasha's off the clock, she enjoys reading books and listening to music. During the football season, she is usually busy watching football matches late at night when Barcelona are playing.

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Edited by Ankita Barat