How to Say "soar" in Spanish
The most common Spanish word for “soar” is “planea” — use 'planea' when referring to birds or aircraft flying or gliding high in the air, often with graceful movement..
planea
/pla-NEH-ah//plaˈne.a/

Examples
El águila planea sobre la montaña sin mover sus alas.
The eagle soars over the mountain without moving its wings.
La avioneta planea suavemente antes de aterrizar.
The small plane glides gently before landing.
Related to 'Plano'
This meaning comes from the idea of moving on a flat surface ('plano') or maintaining a flat trajectory, like a paper airplane.
dispare
/dees-PAH-reh//disˈpa.ɾe/

Examples
El banco teme que la inflación dispare los precios de la vivienda.
The bank fears that inflation will skyrocket housing prices.
Ojalá que el costo de la gasolina no dispare de nuevo.
Hopefully, the cost of gas doesn't surge again.
Figurative Meaning
This is a figurative extension of 'shooting' something up very fast. It is typically used with economic subjects like 'precios' (prices) or 'costos' (costs).
Soar vs. Skyrocket
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