I struggled with this for a while because a helicopter can hover over a fixed point on earth without requiring any lateral movement - even at the equator - and inuitively that's wrong.
I think the trick is to understand that because of friction between the earth and the earth's atmosphere, the air is itself spinning at the same speed as earth, so everything including the helicopter is travelling at the same speed even when apparently stationary in the air.
Once outside the earth's atmosphere an object would need its own lateral movement to 'hover' above a fixed point on earth. I assume satellites achieve geostationary orbit by using gravity effects from earth sun and moon and maybe a kick now and then from its own power?
Life, don't talk to me about life - Marvin the Paranoid Android
"Science adjusts it's views based on what's observed.
Faith is the denial of observation so that Belief can be preserved."
- Tim Minchin, in his beat poem, Storm.