A spatial kinetics model for supercavitating vehicles including the coupled motion of pitch, yaw, and rolling was presented. Mathematical simulations were performed to investigate dynamic performance of supercavitating vehicles. An intrinsic conic-like oscillation in the motion of supercavitating vehicles was discovered. A lakebed experiment was carried out to validate the oscillation. Good agreement is achieved between simulation and experiment in terms of the amplitude and frequency of attitude angles. The steady phase difference between the motions in different planes is also accurately captured which is about π/2. The conic-like oscillation is attributed to the occurrence of the tail-slap motion in the vertical and horizontal planes and the steady phase difference.