From Wikipedia: given two massive bodies in circular orbits around their common center of mass, there are five positions in space where a third body, of comparatively negligible mass, could be placed which would then maintain its position relative to the two massive bodies. As seen in a rotating reference frame with the same period as the two co-orbiting bodies, the gravitational fields of two massive bodies combined with the centrifugal force are in balance at the Lagrangian points, allowing the third body to be stationary with respect to the first two bodies.

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