While Jeff Bezos and Elon Musk focus on space, one millionaire is profitably exploring the water

The fact that the world's super-wealthy billionaires are looking at investing in space is nothing new. The competition between Elon Musk and Jeff Bezos, two of the richest people on Earth, for dominance in space is also nothing new. Richard Branson has also entered the race, albeit from the outside.

Mars colonisation is a goal of Musk, the CEO of SpaceX, Tesla, and now Twitter. Bezos, the founder of Amazon and Blue Origin, wants to build an industrial base in space, while Branson, the founder of Virgin Group, wants to control space tourism.

However, not all billionaires regard space as the uncharted territory. As monetary tightening slows down the development engines of the global economy, Ray Dalio is metaphorically looking to plunge into the oceans in search of hidden treasure.

The creator of the greatest hedge fund in the world, Bridgewater Associates, Ray Dalio, has invested in a business that makes submarines for the world's wealthiest people and assists them in exploring the most inaccessible regions of the earth. The Financial Times said that Dalio and well-known Hollywood director James Cameron are now joint owners of Florida-based Triton Submarines.

"If you're simply travelling in style on a yacht, that's one thing. Instead, Dalio told FT, "if you're on a yacht and you can go down and explore, the vacation will be better first and it also stimulates curiosity.

The deal's financial specifics are unknown.

Luxurious submersible

Patrick Lahey and Bruce Jones established Triton Submarines in 2007 to produce submersibles for yacht owners. The business creates and produces submersibles for use in tourism, luxury yachting, deep-ocean exploration, research, and filming.

Triton produces four to five vehicles annually, and there is a waiting list for its ships.

Massive price tag

The cost of the vessels varies depending on the model and capacity. The price of the submarines starts at $2.5 million and can go as high as $40 million. They can deep dive from 100 metres to the bottom of the ocean and have a carrying capacity of one to 66 people.

Deep dive

The TRITON 36000/2, one of Triton's ships, is the first and only human submersible in the world that is authorised to descend to the ocean floor.

According to the firm, "it opens up to repeatable exploration the 70% of the world's oceans previously beyond the reach of civilization."

The TRITON 36000/2 is self-rescuing by nature and is built to surface in any circumstance.

Why go to the stars?

Dalio claims that ocean exploration is considerably more intriguing and significant than space exploration when discussing his recent endeavours.

You won't see any aliens in outer space, but you will see them underneath the surface, he claims.