The top of a space elevator, by definition, is not an orbiting object.
Depending on the height of the space elevator, the speed of its top will be smaller, equal or greater than the speed required at that height for a stable circular orbit.
The top of a space elevator will have the same angular velocity as the Earth. The angular velocity of an orbiting object is equal to that of the Earth only when it is on a geosynchronous orbit (i.e. an extremely high orbit in comparison with those of most satellites or in comparison with the height of the space elevator from this proposal).
In order to launch a satellite from a space elevator without additional acceleration, it is not necessary for its height to be that of a geosynchronous orbit.
For smaller heights, any object released from the top will fall towards the Earth on an elliptical orbit. If the height is big enough, the elliptical orbit will not intersect the solid Earth or the atmosphere of the Earth. Nevertheless, the minimum height for this is still on the order of a few tens of thousands of km, i.e. at least 100 times the height of the space elevator from this proposal.