Abstract: A two-stage submersible propulsor unit comprises a shroud having a water inlet and a water outlet, a shaft assembly centrally mounted within the shroud, an upstream and a downstream propeller, each of which includes a separate hub rotatably mounted on the shaft assembly, first and second electric motors separately rotating the upstream and the downstream propellers. Each motor includes a rotor mounted around the outer periphery of one of the propellers and a stator mounted around the shroud, and first and second thrust bearing assemblies for absorbing the thrust load generated between the hubs of the first and second propellers and the shaft assembly. Both thrust bearing assemblies are contained within a housing located on the downstream end of the shaft assembly.