noun a sudden and rapid increase
verb to increase rapidly or suddenly
The housing market in the city has seen prices skyrocket in recent years due to high demand and limited supply.
Stock prices skyrocketed after the company announced record profits.
The demand for the latest smartphone model caused sales to skyrocket within the first week of its release.
The cost of sending a satellite into orbit can skyrocket depending on the complexity of the mission.
Inflation caused prices to skyrocket, leading to a decrease in purchasing power.
The author's latest novel skyrocketed to the top of the bestseller list.
The demand for therapy services skyrocketed during the pandemic.
The new ad campaign caused sales to skyrocket by 50%.
The stock price skyrocketed after the company announced record profits.
The startup's valuation skyrocketed after securing a major investment.
The housing market in the city has seen prices skyrocket in recent months.
The company's stock price skyrocketed after the release of their latest product.
Inflation has caused prices to skyrocket, leading to concerns about the economy.
The number of COVID-19 cases in the region has skyrocketed, putting strain on hospitals.
The discovery of a new drug has caused interest in the company to skyrocket.