Steven Spielberg Takes His New $250 Million Megayacht, Seven Seas, on Its Maiden Journey

He also has a new boat that needs a maiden voyage, so this late-summer vacation doubles as that. In July this year, about two years after he sold his previous "boat," Spielberg took delivery of the Seven Seas megayacht. It was done on commission as an upgrade in every way over the previous one, also called Seven Seas, but now sailing as Man of Steel, and is the fourth largest vessel ever to leave the Oceanco shipyard.

Seven Seas, the new one, is now on its maiden journey, having arrived on the Italian Riviera just as the 2023 edition of the Venice Film Festival was kicking off, according to a recent report (and accompanying photos). This marks the first time that Spielberg is seen onboard the new megayacht and the first time the vessel itself is seen under the new ownership, outside of technical trials.

Previously known as Project Y720, the megayacht broke cover in March 2022 when it rolled out of the construction shed for the technical launch. With a reported cost of $250 million, it has taken a place among the world's most expensive privately-owned vessels. It's probably very fancy, too.

Seven Seas, but better

Spielberg took delivery of the first Seven Seas in 2010. The 86-meter (282-foot) superyacht was, at the time, a very lavish leisure craft, which would later help with it becoming one of the most popular charter platforms.

Spielberg himself used it extensively and only agreed to sell it in 2021 when a contract with Oceanco had already been signed for a replacement. That replacement, Y720, would be bigger, better, and more suitable to Spielberg's changing tastes and fortune.

With an exterior design by Sinot Yacht Architecture and interiors by Isaksen Interior Design, it's 109 meters (357 feet) in total length, which makes it the fourth build by size from Oceanco. It's also the second (huge) launch of 2023, after Koru, which Oceanco built for Amazon boss Jeff Bezos.

Accommodation on Seven Seas is for 14 guests and 30 crew in stylish, elegant quarters. The laundry list of amenities includes a large pool aft, an oversize beach club, a helipad at the bow, and ample lounge areas, and that's just what could be glimpsed from the outside.

Power comes from twin MTU 20V 4000 M73L diesel engines developing 4,813 hp each, taking it to a speed of 20 knots (23 mph/37mph). Seven Seas is the first Oceanco build to feature a marine evacuation system, so it's LY3-compliant. It also boasts enhanced performance and efficiency thanks to the implementation of "an extensive optimization and model testing program" by Oceanco, resulting in advanced hull development and refinements in hydrodynamics.

Described as "a spectacular example of graceful contemporary design that honors the natural surroundings," Seven Seas features expansive glazing and natural materials, offering unparalleled experiences at sea for the guests. We, the Joes and Janes of the world, will have to settle for that description for now as far as forming an idea of the interiors because photos are not available.

So, how about sustainability?

The news that Spielberg is out with his new megayacht on a late-summer vacation has again sparked the old debate on whether owning such a vessel discredits his work as an environmental activist. Spielberg is perhaps the highest-profile advocate for a greener lifestyle, often using his huge platform to ring the alarm on climate change and the irreversibility of the damage already caused.

At the same time, Spielberg often flies private, both for business and pleasure and has owned a superyacht for the past decade. This renders his total carbon footprint huge in comparison to the people he's trying to get to stop flying commercial or enjoying the occasional summer cruise onboard one of those giant liners.

Steven Spielberg, for all his incredible merits in film and outside of the industry, is what you could call an eco-hypocrite – and he's not oblivious to it. He once said that he tried to carbon-offset his private flights and excused his apparent excesses as your typically human, flawed behavior that shouldn't take anything from the seriousness of his message.

Understandably, few can agree with him now that he's the owner of a new, bigger, fancier, and more polluting megayacht. To those who don't, Spielberg is a clear case of a "do as I say, but don't hold me up to the same standard" celebrity, the kind that sips champagne on his megayacht while the world burns – and while he talks down on normies about their polluting habits.

Hollywood legend Steven Spielberg and his wife Kate Capshaw take $250m yacht to the Italian Riviera https://t.co/zwCwvuhBXo

— Daily Mail Celebrity (@DailyMailCeleb) September 4, 2023