It’s moving really quickly
The surface of the Earth at the equator is moving about 1000 mph but the air and everything on the surface are moving the same speed so you don’t notice
Since geostationary satellites are far away (22,000 miles) they have to cover a longer distance every day so geostationary satellites are moving at about 6900 mph to cover the extra distance
Since both the surface and the satellite go around once every 24 hours it appears to hover in the same spot all the time
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