The satellite would be the League's home for the next several years. Members are able to teleport to and from the satellite using teleportation centers located across the planet. League members took turns on watch duty, monitoring Earth from the satellite and dispatching the League as needed. This era of the Justice League (and its roster of heroes), is commonly referred to as the "Satellite League".
The satellite is heavily damaged and rendered effectively inoperable just prior to Aquaman's decision to disband the team in Justice League of America Annual # 2. The League was in a time of transition, not only in its choice of headquarters, but also in its membership. The deepening detachment of members such as Batman, Superman, and Wonder Woman caused the three charter Justice League members to resign from active duty with the League. At the same time, the Flash left the team to confront his manslaughter trial and investigate the disappearance of his wife. The death of her mother led Black Canary to leave the team and move to Seattle with Green Arrow. Green Lantern had been temporarily expelled from the Green Lantern Corps and resigned from the League as well to sort out his life.
The satellite meets its final and complete destruction during the Crisis on Infinite Earths, when it is destroyed by a self-destructing Red Tornado that had been sabotaged and tampered with by the Anti-Monitor. It is never rebuilt.