When the launch velocity is a bit less than the escape velocity, the satellite with time will find itself back to earth and when the speed is far beyond the escape velocity, the satellite with time, be lost in space.
The velocity of escape from the less massive Moon is about 2.4 km per second at its surface. ... A planet (or satellite) cannot long retain an atmosphere if the planet's escape velocity is low enough to be near the average velocity of the gas molecules making up the atmosphere.