It soared around minor planet (8)
I believe the answer is:
asteroid
'minor planet' is the definition.
(synonyms)
'it soared around' is the wordplay.
'around' indicates an anagram.
'it'+'soared'='itsoared'
'itsoared' is an anagram of 'ASTEROID'.
(Other definitions for asteroid that I've seen before include "Piece of rock that moves around the heavens" , "way-out rock" , "Small celestial body composed of rock and metal" , "looking like a star?" , "Rocky body in orbit" .)