Simple past tense and past participle of skyrocket.(verb)
Suddenly and rapidly increased(adjective)
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Use "skyrocketed" in a sentence
"Net profit for the same term skyrocketed 297 percent to W 703.6 billion."
"What Beck conveniently leaves out of his “analysis” is that tax rates skyrocketed from the highest marginal rate of 7% in 1915 to 77% in 1917."
"Many of the industry's most successful video game titles skyrocketed to the top of the charts thanks to their emphasis on an excellent online multiplayer experience."