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The southern border of Satelit is Futoški put (Futog Road), the western border is Bulevar Kneza Miloša (Knez Miloš Boulevard), and the eastern border is Bulevar Slobodana Jovanovića (Slobodan Jovanović Boulevard). The northern border of the settlement is not precisely defined, but the roughly drawn northern border would be Bulevar Jovana Dučića (Jovan Dučić Boulevard), although there are several blocks of the buildings on the southern side of the Boulevard which are not seen as a part of Satelit.
The neighbouring settlements of Satelit are: Telep in the south, and Novo Naselje (in the west, north and east), although Satelit itself is seen as a part of Novo Naselje. In the past, Satelit and Novo Naselje were seen as a two separate settlements, but today Satelit is seen as a part of Novo Naselje.
The construction of Satelit began in 1957, when the first houses were built in the area now known as Tozinovac.
Some of the important features of Satelit are: Satelit Market (Satelitska pijaca), "Autokop" (a factory for production of idle parts for cars), and a stadium of "Mladost" football club. There is also an elementary school "Miloš Crnjanski" in the settlement.
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