Depends how the stud attaches inside the starter, it might just be loose, but I suspect it is soldered on the inside and if it's turning, it's broken.
If you take it apart, it will be obvious once you see what's in there.
I've never had much success trying to solder big stuff like that, never had the equipment to make that kind of controlled heat. If there is a starter shop near by, they can solder it for you.
Have you tried heating the steering wheel hub? That should release it.
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