Two equal-mass planets can share a satellite by placing it in a large orbit around their center of mass, similar to trinary star systems. The satellite's orbit can be non-circular due to the gravitational influence of both planets, which can perturb its trajectory. The stability of such an orbit depends on the relative distances and energies involved, as well as the angular momentum of the satellite. While unusual orbits are possible, they may lead to instability over time. Overall, the dynamics of such a system can be complex and require careful consideration of gravitational interactions.