Swindled

120. The Descent (OceanGate)

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Nov 25, 2024
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ANECDOTE

Stockton Rush's Shift in Focus

  • Stockton Rush, OceanGate CEO, was born into wealth and dreamed of space exploration.
  • After realizing his Mars ambitions were distant, he shifted his focus to deep-sea exploration.
ANECDOTE

OceanGate's Beginnings

  • Stockton Rush co-founded OceanGate, aiming to disrupt the submersible industry like SpaceX.
  • They began with repurposed subs for shallow dives before developing Cyclops 1.
ANECDOTE

Cyclops 2 Development

  • OceanGate developed Cyclops 2 (later Titan) using carbon fiber, deviating from industry norms.
  • Despite initial implosions during testing, they proceeded with a thicker hull and titanium end domes.
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