The inception of a cavitation bubble in a liquid by focusing a short and intense laser pulse near its free surface develops not only an upwards directed jet, but a second jet of opposite direction into the bulk liquid. When the laser is focused a few microns below the surface, the rapid deposition of energy produces a splash, whose later sealing gives origin to two particularly elongated opposing jets. Interestingly, the evolution of the downward jet flowing into the liquid pool has many similarities to that observed in free water entry experiments, e.g. the creation of a slender and stable cavity in the liquid. The downward jet can reach speeds of up to
$40$
m s
$^{-1}$
and travels distances of more than 15 times the maximum radius of the laser induced cavity before losing momentum. The longer lifetime of this so-called ‘bullet’ jet as compared with conventional cavitation based jets, the alignment of the jet perpendicular to the free surface and the possibility of scaling the phenomenon opens up potential applications when generated on small droplets or in shallow liquids. In this work, the underlying mechanisms behind the formation of the bullet jets are initially investigated by performing a set of experiments designed to address specific questions about the phenomenon under study. Those were followed by numerical simulations used to give a quantitative and detailed explanation to the experimental observations.