The pulsation of bubbles and the impact load from reverse flow, generated by the evolution of semiclosed initial intermittent bubble multiphase flow during underwater launches, are crucial factors affecting launch safety. This paper employs the mixture multiphase flow model and the interphase heat and mass transfer model to simulate the interaction between the gas inside a partially enclosed cylinder and the water medium outside the cylinder, combined with simulation and piggybacking experiments, to analyze the flow process and load state. The numerical model is further utilized to study the evolution of the multiphase flow field of the semienclosed initial intermittent bubble, the pulsating load of the bubble, the impact load of the inverted water flow, and the influence of structural dimensions on the load. The results show that the initial intermittent bubble in the mouth of the cylinder experiences an expansion–contraction–expansion pulsation process, and as the migration of the interface between the phases results in significant pressure pulsation, the peak pulsation can exceed twice the pressure difference between the initial gas pressure inside the cylinder and the hydrostatic pressure at the mouth of the cylinder. At the late stage of bubble pulsation, a large amount of water with pulsating bubbles flows into the semiclosed cylinder, and the pulsation-induced velocity and gravity are used to form a high-speed inverted water flow. The interaction between the inverted water and the gas inside the cylinder generates an oscillating shock load where the maximum shock load is significantly greater than the ambient pressure load. Additionally, the effect of structural dimensions on the load state under the same intermittent conditions is examined.