Another billionaire is going to the Titanic, but this one says he's not ignoring industry standards

When news broke that Ohio billionaire Larry Connor was planning a voyage to the Titanic in a new, deepsea submersible, the comparisons to last year's ill-fated implosion of OceanGate's Titan were immediate.

Connor, much like Titan passenger Hamish Harding, is a member of the ultra-wealthy explorers community, and has been to the depths of the ocean as well as the heights of space.

But Connor insists Titan — which imploded on June 18, 2023, killing all five passengers on the way to the wreck of the Titanic — was an outlier. His voyage, he told the Wall Street Journal and New York Times, is a return to the tried and true methods of deep sea exploration.

"I'm concerned that people associate diving subs, especially new or different subs, with danger or tragedy," Connor told the Times this week.

"If we can't do it, what we call 's and s' — safely and successfully — we're just not going to do it.… We're not thrill-seekers. We're not big risk-takers."

The "we" in that sentence includes Patrick Lahey, the co-founder of Triton Submarines. Connor has commissioned Lahey to build a new submersible, one with an acrylic hull, for the voyage. It's estimated the vehicle's costs will be in the tens of millions and won't be ready until at least the summer of 2026.

Connor declined comment to CBC News, with a representative saying he couldn't schedule time for an interview.

Requests for Lahey were redirected to Connor's company.

Triton Submarines is known as an industry leader, having dived to depths that make a Titanic expedition look simple. Its vehicles have been to the depths of Mariana Trench, the deepest point on earth at more than 10,900 metres below sea level. Titanic, by comparison, sits at 3,800 metres.

Lahey spoke with CBC-Radio Canada in the wake of the Titan disaster. He talked about how he met the OceanGate crew while on vacation in the Bahamas and was unimpressed by their work. He said he pointed out several flaws with Titan and assumed the company would never get it to the point of making a deepsea dive.

He was wrong.

OceanGate CEO Stockton Rush publicly balked at the idea of third-party classification and certification, and went ahead with the Titan expeditions despite warnings from experts like Lahey.

Titan went missing on June 18, sparking a multinational search and rescue mission that lasted four days.

In the end, it was discovered Titan had imploded on the way down, killing all five men instantly.