The invention discloses a silicon acrylic emulsion modified magnesium-containing inorganic adhesive for straws. The adhesive is prepared from, by weight, 100 parts of magnesium chloride hexahydrate, 44-61 parts of magnesium sulfate heptahydrate, 218-298 parts of light calcined magnesia, 167-202 parts of water, 10-43 parts of silicone acrylic emulsion and 4-9 parts of dispersant. Adhered products prepared with the adhesive are high in water resistance, strength and toughness and appropriate in coagulation rate. The invention further discloses a preparation method of the silicone acrylic emulsion modified magnesium-containing inorganic adhesive. The method includes steps: feeding water into a reaction kettle, heating, adding the magnesium chloride hexahydrate, and stirring at a constant speed to obtain a magnesium chloride solution; slowly adding the magnesium sulfate heptahydrate into the magnesium chloride solution, and stirring at a constant speed; adding the light calcined magnesia into the reaction kettle, and stirring at a constant speed; slowing dripping the silicone acrylic emulsion into the reaction kettle, adding the dispersant after dripping is finished, stirring and cooling to obtain the adhesive.