Consider energy. When you throw the ball in space, you give it kinetic energy (m*v^2/2) now unless an other force is applied on the ball at some point, this energy has no reason to disappear. It will not fade nor change. So it will keep moving forever.

On earth though, you throw the ball applying kinetic energy, but it also has potential energy (made by gravity as mgh) and air will apply friction energy opposite to the movement vector(proportional to f*v). As energy is conserved, it does not disappear, it will switch from kinetic to potential and inversely. Friction and hits will turn to thermal energy.