Sounds all too familiar to me, except for the stabbing feeling.
I've had countless SP experiences like this, before I ever heard about lucid dreaming (so, I was really thinking I was going to die, if I didn't fight to wake up).
When I read I could enter a lucid dream via SP, I tried hard to withstand the terrifying feelings. It has taken me about 10 successful WILDs before I got mostly rid of them.
Here's a link to one of the most extreme experiences.
So, you already know in SP, nothing is PHYSICALLY going to hurt you. All sensations are purely made up by your mind. So basically, it's just a matter of 'sitting it out' and slowly overcoming the nasty sensations. KNOWING it will pass away is the best advice I can give you. Try to RELAX. Good luck!! You can do it!
And some extra pep-talk: being able to achieve this state, is already a good step towards lucidity

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