sky-rocket noun & verb. 
['skʌɪrɒkɪt] Also 
skyrocket. 
L17.[from SKY noun + ROCKET noun3, verb.]A. noun.
1.  A rocket exploding high in the air. 
L17.b. transf. An enthusiastic cheer. 
US slang. 
M19.2.  A pocket. 
rhyming slang. 
L19.b. verb.
1.  verb trans. Cricket. = 
SKY verb 1. 
colloq. rare. 
M19.2.  verb intrans. Rise very steeply and rapidly; 
esp. (of a price or prices) increase dramatically. 
L19.■ A. E. Stevenson The cost of adequate medical care has skyrocketed out of the reach of millions of Americans. Isis Sales rose steadily and then..skyrocketed.3.  verb trans. Propel rapidly forward or upward; increase sharply. 
E20.National Observer (US) A disease that skyrocketed my chances of dying. ■   sky-rockety adjective resembling a sky-rocket; rising or increasing sharply: 
L19.  [TahlilGaran] English Dictionary ▲