HomeNewsTrendsUS billionaire plans Titanic wreckage dive with submersible a year after Oceangate disaster

US billionaire plans Titanic wreckage dive with submersible a year after Oceangate disaster

Larry Connor is the founder of The Connor Group, a luxury real estate firm based in Dayton, Ohio, boasting a net worth of $2 billion and a real estate portfolio valued at $5 billion.

May 29, 2024 / 17:02 IST
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Larry Connor’s Titanic expedition will be conducted in partnership with Triton Submarines.
Larry Connor’s Titanic expedition will be conducted in partnership with Triton Submarines.

Nearly a year after the catastrophic implosion of the OceanGate Titan submersible, another ambitious endeavour aims to conquer the depths of the North Atlantic and safely reach the Titanic wreckage. Larry Connor, a billionaire businessman from Ohio, US, has unveiled plans to demonstrate that a dive to the historic site can be achieved securely with the right engineering.

Connor, 74, who is no stranger to exploration, shared his vision with The Wall Street Journal, stating the importance of proper safety measures. His determination was sparked shortly after the tragic Titan incident in June 2023 that killed all its occupants in an instant.

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He reached out to Patrick Lahey, CEO of Triton Submarines, who had previously criticised OceanGate's lax safety standards, and is now interested in the project.

Connor’s expedition will be conducted in partnership with Triton Submarines, using the state-of-the-art Triton 4000/2 "Abyss Explorer." Priced at $20 million, this two-person submersible is acclaimed as “the world’s deepest diving acrylic sub," capable of descending over 13,000 feet.