When a satellite is revolving into the orbit around a planet then we can say
net centripetal force on the satellite is due to gravitational attraction force of the planet, so we will have
![F_g = F_c](https://img.qammunity.org/2020/formulas/physics/middle-school/o55234a11n2mexsqlq241n9bj2ax9ygtgy.png)
![(GM_pM_s)/(r^2) = (M_s v^2)/(r)](https://img.qammunity.org/2020/formulas/physics/high-school/a7jhypzqe1u8ix641d45m09fvjnc2jom9t.png)
now we can say that kinetic energy of satellite is given as
![KE = (1)/(2)M_s v^2](https://img.qammunity.org/2020/formulas/physics/high-school/a7ze1xl9tra6m3vnh5azpje4ub3n2b3la6.png)
![KE = (GM_sM_p)/(2r)](https://img.qammunity.org/2020/formulas/physics/high-school/f18uhxzyfledeamvbpsgtibc0hh2kenyes.png)
also we know that since satellite is in gravitational field of the planet so here it must have some gravitational potential energy in it
so we will have
![U = -(GM_sM_p)/(r)](https://img.qammunity.org/2020/formulas/physics/high-school/1kmpkmnsflpumxzlsorp32bbkiryzqtc6e.png)
so we can say that energy from the fuel is converted into kinetic energy and gravitational potential energy of the satellite