The invention discloses a silicon carbide fiber cable material and a preparation method thereof. The silicon carbide fiber cable material is prepared from the following raw materials in parts by weight: 30 to 50 parts of organic silicon modified acrylate, 35 to 45 parts of epoxy resin, 20 to 30 parts of BNDB, 5 to 15 parts of styrene, 10 to 20 parts of No. 800 paraffin base rubber oil, 9 to 15 parts of pentaerythritol, 10 to 20 parts of chlorinated polyethylene, 10 to 20 parts of ethylene-octene copolymer elastomer, 8 to 12 parts of silicon carbide fiber, 4 to 8 parts of active magnesium oxide, 4 to 8 parts of active zinc oxide, 6 to 12 parts of calcium carbonate, 3 to 7 parts of microcrystalline wax, 1 to 5 parts of plasticizer, 1 to 5 parts of fire retardant, 1 to 5 parts of antioxidant and 1 to 3 parts of stabilizer. The preparation method of the silicon carbide fiber cable material comprises the steps of performing crushing, inductive heat treatment, mixing, pelleting and the like on the raw materials. The silicon carbide fiber cable material provided by the invention is simple in preparation, excellent in flame retardant property, and good in waterproofness and corrosion resistance, does not easy to age, is high in tensile strength and compressive strength and long in service life, can be widely applied in various fields, and has a good market prospect.