OceanGate suspends its commercial and exploration operations after Titan implosion

3 years ago by stopthatgirl7 to c/news

OceanGate did not offer additional details about pausing its operations. Its CEO, Stockton Rush, was among the five people killed when the company's Titan submersible imploded in June.

Jackcooper 10 points 3 years ago

Pretty sure the market suspended operations for them. No one's paying to use their services, no one will want to finance them... Once the sun imploded they were toast as a company.

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numbscroll 4 points 3 years ago

IIRC they were promoting next year’s trip within days of the implosion. Gutsy move.

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JustAManOnAToilet 3 points 3 years ago

Once the sun imploded

eyes widen

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vyvanse 4 points 3 years ago

Ah yes, submarine company cannot operate without submarine

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stopthatgirl7 5 points 3 years ago

I think they had two other submersibles, though - those two don’t go nearly as deep as the Titan and were for dives of less than 1000 feet. But you know nobody wants to get into anything by that company now.

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shinoby 7 points 3 years ago

Maybe there would be an audience if they switch their name from OceanGate to HeavensGate.

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vyvanse 2 points 3 years ago

Oh I had no idea. I guess I need to brush up on my article reading skills

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Flaky_Fish69 4 points 3 years ago

They’re also probably underwater, financially.

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FlowVoid 3 points 3 years ago

No additional details about pausing operations, you say?

Huh.

The mystery deepens.

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acronymesis 2 points 3 years ago

"Once they can be convinced again that the activities are safe, then they will go back," he said. "The human nature is to think, 'Well, this will happen to other people. This won't happen to me. I will be more careful.'"

There is never a shortage of hubris, in other words. 🤦🏽‍♂️

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Fredsshilksirt 2 points 3 years ago

those poor poor rich people.

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acronymesis 1 point 3 years ago

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