The invention discloses a high-precision dynamic imaging simulator for a space target. The high-precision dynamic imaging simulator comprises two half-field display systems, an optical splicing system and a projection imaging system, wherein each of the half-field display systems comprises a display content generation system, a display driving system, a backlight illumination system, liquid crystal light valves and a liquid crystal light valve control system; the optical splicing system comprises a splicing lens group, a prism supporting structure and a mirror supporting structure flange; the projection imaging system comprises an object space telecentric projection lens, a lens mounting flange, a lens group fixing flange, a distance adjusting barrel and a locking device; the high-precision design of a large field of view is completed by the object space telecentric projection lens through matching of a small aperture and a short exit pupil distance, two liquid crystal light valves are fixedly arranged on splicing surfaces of the splicing lens groups, and through layout of effective display surfaces of the two liquid crystal light valves, the two liquid crystal light valves are spliced to a full field of view through the splicing lens groups; and the backlight illumination system and the liquid crystal light valves are integrally designed. According to the invention, the high-precision dynamic target simulation can be realized at a variable distance.