Yes and Issac Newton was the one to make a mental picture of the relationship of speed, trajectory, and gravity called "Newton's Cannonball." He hypothesized that there's basically a "sweet spot" in which an object traveling fast enough to not fall back to a surface but slow enough to not trail off into space. He hypothesized that gravity was a universal force and was the driver of planetary and satellite motion.

It's a pretty famous though experiment. It's even referenced in Issac Newton's episode of Epic Rap Battles of history.