Satellites orbit planets due to a balance between gravitational and centrifugal forces. They move at high speeds, around 17,000 mph, to maintain stable orbits. Satellites can be polar, geosynchronous, or geostationary depending on their orbit and purpose. Polar satellites hover over the poles to monitor the entire planet, while geosynchronous/geostationary satellites remain fixed over one location to communicate with receivers below. Satellites have transmitters to send signals, receivers to receive signals, and transponders that handle communication functions.