Shoots up (5)
'shoots up' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for soars that I've seen before include "Flies high" , "Flies aloft" .)
I've seen this clue in The New York Times and the Wall Street Journal.
(Another definition for skyrockets that I've seen is " Fireworks".)
I've seen this clue in The Guardian.
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