Core Insights - The investigation report on the Titan submersible incident identifies design, certification, maintenance, and inspection flaws by OceanGate as the primary causes of the explosion that occurred on June 18, 2023, resulting in the deaths of five individuals [1][3]. Company Overview - OceanGate had previously received multiple safety complaints and warnings regarding its submersible prior to the incident [3]. - The company’s former maritime operations director, David Lochridge, highlighted serious safety concerns in 2015, indicating that inadequate testing and certification could lead to extreme dangers for passengers [3]. - The Titan submersible's carbon fiber hull, measuring only 12.7 centimeters thick, was not adequately tested, and its viewport design had a pressure tolerance of only 1281 meters, significantly below the depth of the Titanic wreck at 3962 meters [3]. Financial Performance - OceanGate's business model involved charging $250,000 per person for an 8-day, 7-night expedition, generating annual revenues of approximately $7.8 million [3]. Incident Details - The victims included notable figures such as Stockton Rush, the founder of OceanGate, and experienced explorers, indicating that the passengers were not ordinary tourists [4]. - The Titan was on a descent to the Titanic wreck site when the explosion occurred, approximately 1448 kilometers east of Cape Cod, Massachusetts [4]. - A former passenger described the Titan as resembling a "small truck without seats," constructed from non-specialized components, including a video game controller for steering [4].