It would fall back to earth. There is insufficient horizontal velocity component to maintain an orbit so earth’s gravity would simply pull it back towards the ground. It would only be around 1000km from earth so earth’s gravity would likely dominate.
The simplest to imagine is if this happened at the north or south pole (where there would be essentially 0 horizontal velocity). But even at the equator (max horizontal component at liftoff), that component is only about 1000km/hr and that is not sufficient to maintain orbit.
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