Yes, satellites in orbit around the Earth typically travel faster than the Earth's escape velocity. The escape velocity of an object is the minimum velocity required to escape the gravitational pull of a celestial body, such as the Earth. It is the speed at which an object needs to be launched from the surface of the Earth to overcome the gravitational attraction and never fall back.
The Earth's escape velocity is about 11.2 kilometers per second (6.95 miles per second) at the surface. However, satellites in low Earth orbit (LEO), where many communication and observation satellites operate, typically have velocities between 7.8 and 8.2 kilometers per second (4.8 and 5.1 miles per second). These speeds are lower than the Earth's escape velocity because satellites in LEO are still within the Earth's gravitational field and are in stable orbits around the planet.
Satellites achieve a balance between their forward velocity and the gravitational pull of the Earth, allowing them to remain in orbit without falling back to the surface. If a satellite were to reach or exceed the escape velocity, it would have enough speed to break free from the Earth's gravitational field and venture into space.