Billionaires who paid $250,000 each to view the ruins of titanic ship with a submersible reported dead

All five occupants of the Titanic submersible, who had been missing for days, supposedly perished when the craft exploded due to a catastrophic loss of pressure.

The Coast Guard verified the terrible news on Thursday. A section of the Titan was found on the ocean floor about 1,600 feet from the bow of the Titanic, according to Coast Guard Rear Adm. John Mauger.

According to Paul Hankins, US Navy Director of Salvage Operations and Ocean Engineering, there were five different significant pieces of debris from the submersible, known as the “Titan,” and each end of the pressure hull was located in a different location.

This is an incredibly unforgiving environment down there on the sea floor and the debris is consistent with a catastrophic implosion of the vessel. Upon this determination we immediately notified the families.

“I can only imagine what this has been like for them and I hope that this discovery provides some solace during this difficult time,” Mauger, the First Coast Guard District commander, told reporters.

Minutes before the news conference, OceanGate Expeditions, the company that operated the deep-sea submersible, issued a statement grieving the five men on board.

It is reported that guests who wish to travel to see the wreckage pay as much as $250,000 per individual.