Let me clarify my previous statement. If you try to put something at an altitude of 500 miles by launching straight up it will simply come back down. I'm taking about orbits, The first post asked why does the shuttle simply not go straight up. That's the reason:
(I've always heard that in order to escape the gravitational pull of the Earth, the space shuttle has to accelerate to an escape velocity. Under that speed, it would be unable to get out.)
I apologize for not distinguishing between speed and velocity, yes velocity is a vector and speed a scalar, didn't think we needed to get into such detail. That is why it is called Delta V, cause we give it speed and direction.
This is from wikipedia: the escape velocity is the minimum speed an object without propulsion needs to attain in order to "escape" from gravity, i.e.,
so that gravity will never manage to pull it back Objects in orbit to include our solar system and the comets have not reached escape velocity, if they had they would not be in orbit.
In physics, an orbit is the path that an object makes around another object or a barycenter while under the influence of a central force, such as gravity.
So Escape Velocity/Speed in lame terms not an orbit, any orbit is affected by gravity. In practical application this velocity is never used too expensive, we don't have the resources for this. Even when we go to Mars we are still doing orbit transfers. We never use escape velocity, a silly term of hollywood. Much like there is no such thing as centrifugal force. This is how we do it.
http://jwilson.coe.uga.edu/EMAT6680Fa05/Bacon/hohmanntransfers.html
One last thing, believe it or not, but everything that we have orbiting the Earth will eventually come down. If the shuttle or ISS did not do a type of station keeping, by using gyros, reaction wheels, burns, etc., it would fall back. We have satellites in Geo orbits that we no longer use that will come crashing in 1000 years, nice huh, wonder what people in the future will think of us.
My disclaimer: Aerospace Engineer degree with concentration in Astrodynamics, and 3 years as a satellite engineer on GEO birds.