skyrocket vs go up

skyrocket is a noun but go up is not a noun.

Word	Noun	Adjective	Verb	Adverb
skyrocket	Yes	No	Yes	No
go up	No	No	Yes	No

As verbs, go up is a hypernym of skyrocket; that is, go up is a word with a broader meaning than skyrocket:

Other hypernyms of skyrocket include arise, come up, lift, move up, rise, uprise.

skyrocket (noun)	go up (noun)
sends a firework display high into the sky
propels bright light high in the sky, or used to propel a lifesaving line or harpoon

skyrocket (verb)	go up (verb)
shoot up abruptly, like a rocket	increase in value or to a higher point
	burn completely; be consumed or destroyed by fire
	move upward
	go upward with gradual or continuous progress
	be erected, built, or constructed
	move towards
	travel up