Billionaire explains why he's planning voyage to Titanic site nearly year after submersible implosion

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Billionaire explains why he's planning voyage to Titanic site nearly year after submersible implosion
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Entrepreneur Larry Connor said he wants to show certified submersibles are safe.

Billionaire explains why he's planning voyage to Titanic site nearly year after submersible implosionaboard the OceanGate "Titan" submersible while on a deep-sea voyage to the site of the Titanic, a billionaire has announced plans to go to the infamous wreck.Asked why, Connor told "Good Morning America" correspondent Will Reeve that the purpose of the voyage is to "demonstrate safety" of certified submersibles.

While on a tour of the Titanic wreckage off the coast of Newfoundland, Canada, in June 2023, the OceanGate submersible imploded underwater, killing all five people on board, including OceanGate CEO Stockton Rush. Following a dayslong search, the remnants of the missing submersible were found on the ocean floor about 1,600 feet from the bow of the wrecked Titanic.

MORE: James Cameron compares submersible tragedy to Titanic sinking: 'I'm struck by the similarity of the Titanic disaster'Connor said he and Lahey are designing a new, safer and certified submersible, known as the Explorer, that could take two people to the Titanic site. The submersible will cost $13 million to $15 million and have an acrylic hull and offer a near-panoramic view.

"The moment we don't meet one standard, the project is done," he said. "We will not compromise safety."In addition to proving safety, he said continued deep-sea dives carry scientific benefits.

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