Various anatomical features of the goblin shark, such as its flabby body and small fins, suggest that it is sluggish in nature. This species hunts for teleost fishes, cephalopods, and crustaceans both near the sea floor and in the middle of the water column. Its long snout is covered with ampullae of Lorenzini that enable it to sense minute electric fields produced by nearby prey, which it can snatch up by rapidly extending its jaws. Small numbers of goblin sharks are unintentionally caught by deepwater fisheries. The International Union for Conservation of Nature (IUCN) has assessed it as Least Concern, citing its wide distribution and low incidence of capture.
American ichthyologist David Starr Jordan described the goblin shark in an 1898 issue of Proceedings of the California Academy of Sciences, recognizing the peculiar fish not only as a new species but also a new genus and family. He based his account on an immature male 107 cm (42 in) long caught in Sagami Bay near Yokohama, Japan. The specimen had been acquired by shipmaster and naturalist Alan Owston, who had given it to Professor Kakichi Mitsukuri at the University of Tokyo, who in turn had brought it to Jordan. Thus, Jordan named the shark Mitsukurina owstoni in honor of these