The invention discloses a double-section coaxial toothed cathode pulse plasma thruster, and belongs to the technical field of micro satellite aerospace propulsion. The product mainly comprises a first-stage cathode, a first-stage anode, an insulating coating layer, a second-stage cathode, a second-stage anode, a propellant, an insulating outer shell, an insulating base, a supply spring and a spark plug. The inner surface of the primary cathode is provided with sharp teeth, so that the primary cathode is easier to discharge compared with a common cylindrical inner surface by utilizing a point discharge principle, and the system safety is improved; and the toothed cathode is used, so that the electric field and the current between the electrodes are more uniform, the non-uniform ablation of the propellant is improved, the indentation of the end face of the solid propellant in the continuous working process is reduced, the reliability is remarkably improved, and the working life is prolonged. The secondary cathode is in the shape of an expanded spray pipe, so that charged particles and neutral gas generated by discharging between the primary electrodes are accelerated more sufficiently, and the primary electrodes and the secondary electrodes are charged by respective independent capacitors, so that the reasonability of energy distribution is improved, and the overall acceleration efficiency of the thruster is improved.