The movie knows what its money shot is: it uses minutes to show the surfacing of the Titanic model from under the sea shot from a dozen of different angles in one of the most expensive special effect sequences in a movie at the time.
And it pays off; this is why we sat down to see the Raise the Titanic for in the first place. Otherwise the movie is not bad an adventure movie at all. It manages to sell us the idea of being able to lift up the iconic ship from the bottom of the sea and gives a good reasoning for doing so. Although the movie does feel dated, being already 41 years old, it’s definitely ahead of most movies of the 1980 and in a way a promise of all the great summer blockbusters we saw in the 80s.
Watch closely as the ship finally surfaces to catch a hilarious easter egg put there by the effects team: two crewmen still onboard, frantically pumping water off the deck.