A supercavitating projectile is disclosed and includes a combustion chamber, a forward-directed jet nozzle and a comparatively larger gas duct/rear-directed jet nozzle. The combustion chamber is filled with a propellant having a hollowed core. The core serves as a pathway to fluidly allow combustion gases to the jet nozzles. In operation, the propellant combusts to form gasses forced forward through the forward-directed nozzle to generate a virtual cavitator in the form of a ventilation gas bubble. Combusted gasses are also forced out the rear-directed nozzle forming a propulsion jet. The projectile therefore uses the rear-directed jet to maintain a cruise velocity approximate to the launch velocity and employs a source of ventilation gas using the forward-directed jet for supercavitating of the projectile.