[handol]

Yes, it gets to terminal velocity pretty quickly, it's decelerating for most of the fall as the atmosphere gets denser.

Estimated kinematics from a prior flight. https://flightclub.io/result/2d?code=SN91

edit: To clarify, a drop from 100km would not hit terminal velocity quickly, it would accelerate until it got to the thicker lower atmosphere where it would be rapidly slowed.