The invention provides an SMA link double spreading code signal multiplexing method, which can significantly improve the relay satellite system S-band phased array multi-access link SMA transmission ability and the multi-target service ability and increase the signal bandwidth utilization rate. According to the technical scheme of the invention, in an uplink modulator at the relay satellite transmitting end, primary spreading code signals generated by N paths of array elements are subjected to secondary spreading treatment to generate double spreading code signals, one path of single-carrier reference signals generated by a crystal oscillator are subjected to the same spreading treatment, the N paths of array elements of double spreading code signals which keep synchronization are additively synthesized into one path of signals; and a relay satellite ground receiving system guides the N paths of secondary spreading signals to despread through firstly despreading the reference signals, the signals are combined into one path of signals through a digital beam synthesizer, the synthesized one path of signals are outputted to a baseband of the receiving end for primary spreading signal dispreading and demodulation, and each path of array element signals is restored.