]In space that's likely true. When it hits air resistance, though, friction kicks in and terminal velocity is a bit lower, somewhere between 200 and 400 mph.
That's not right. From what I've been reading, asteroids/meteors it the earth's surface at speeds between 10 and 20 miles per SECOND, so multiple that by 3600 to get miles per hour .. not by 60 which would give you miles per minute. Using those numbers jibes with WAM's citation .. 10-20 miles per second would be 36,000 to 72,000 miles per hour.