Ancient wisdom often sounds like common sense now that it is commomly taught. What is some ancient wisdom that we no longer teach because it was wrong?
Apply math and the object flies in a parabolic arc (not accounting for air friction and wind)
Launch it high enough and the arc start lookin eliptical. Gravitational force looks less like a constant rather is tempered by distance². If the acceleration closes the elipse without hitting the (circular at this scale) ground, your object is now a satellite in orbit.
Keep accelerating and eventually (a whole lot of acceleration) and special relativity factors affect the trajectory...and mass...and time dilates between the object and observers.