October 16, 2025
The US National Transportation Safety Board (NTSB) concluded that OceanGate's Titan submersible imploded during its journey to the Titanic wreckage due to inadequate engineering, insufficient testing, and undetected damage. The June 2023 disaster killed all five people aboard, including OceanGate CEO Stockton Rush and four passengers who paid up to $250,000 each for the experience. The investigation revealed a problematic safety culture at OceanGate, with evidence that safety concerns were ignored and that the company attempted to circumvent regulations by labeling paying customers as "mission specialists" rather than passengers.
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Read full article from source: BBC