This paper investigates a formation control technique based on the use of moving masses. First, the mechanism of the moving mass control is conducted to reveal the relation between the attitude and the offsets of moving masses. Then, to achieve the desired formation control, the aerodynamic force generated by the change of attitudes is used as the control input to implement the orbit control. The moving masses and magnetic torquers constitute a combined actuator to drive the satellite attitude. To deal with the offset saturation of moving masses, an adaptive controller is investigated. Finally, a simulation on two satellites formation is provided, demonstrating the feasibility of the proposed method.