Most stacks are tiny and have bounded growth. Really large stacks usually happen with deep recursion, but it's not a very common pattern in non-functional languages (and functional languages have tail call optimization). OS threads allocate megabytes upfront to accommodate the worst case, which is not that common. And a tiny stack is very fast to copy. The larger the stack becomes, the less likely it is to grow further.
>cannot have pointers to stack objects
In Go, pointers that escape from a function force heap allocation, because it's unsafe to refer to the contents of a destroyed stack frame later on in principle. And if we only have pointers that never escape, it's relatively trivial to relocate such pointers during stack copying: just detect that a pointer is within the address range of the stack being relocated and recalculate it based on the new stack's base address.
Yes, you're not getting Rust performance (tho good part of it is their own compiler vs using all LLVM goodness) but performance is good enough and benefits for developers are great, having goroutines be so cheap means you don't even need to do anything explicitly async to get what you want