The invention provides a preparation method of a magnesium aluminate spinel brick, wherein the preparation method comprises the specific steps: A, mixing evenly magnesia particles, a corundum fine powder and a binder, then granulating, carrying out heat treatment, and screening to obtain a material A and a material B; B, mixing a magnesia fine powder, a corundum fine powder, a magnesium aluminate spinel fine powder and a binder evenly, carrying out heat treatment, then crushing and screening to obtain a material C and a material D; C, mixing evenly the material A, the material B, the material C, the material D, a magnesium aluminate spinel fine powder, a magnesia fine powder, a corundum fine powder and a binder, and then carrying out heat treatment, to obtain the magnesium aluminate spinel brick. The method is beneficial for close contact of all kinds of raw material particles, but also makes full use of structural characteristics of materials at different temperatures; the prepared magnesium aluminate spinel brick has excellent characteristics of high room-temperature compressive strength, high thermal shock stability, high load softening temperature, and low reburning line change rate.