Billionaire entrepreneur Elon Musk shook up the automotive and aerospace industries with electric cars and cheap rockets. Now, he is focused on satellites that can deliver Internet access across the globe, according to people familiar with the matter.

Mr. Musk is working with Greg Wyler, a satellite-industry veteran and former Google Inc. executive. In talks with industry executives, Musk and Wyler have discussed launching satellites. They are considering building a factory to make satellites. Initial talks have been held with state officials about locating the factory. In addition to Mr. Musk, WorldVu is seeking a satellite industry partner to lend expertise to the project.