The invention discloses a compact type coaxial refraction and reflection type telescope objective. The surfaces of all components of the telescope objective are spherical surfaces. The telescope objective comprises a front-group concave lens, a front-group positive lens, a main reflecting mirror, a Mangin mirror, a rear-group concave lens and three rear-group positive lenses, wherein the telescopeobjective is in rotational symmetry relative to a main optical axis, and an aperture diaphragm is positioned on a main reflecting mirror; the middle of the front-group concave lens, the middle of thefront-group positive lens and the middle of the main reflecting mirror are independently provided with a hole; after an incident ray from ground scenery is refracted through the front-group lenses, the incident ray reaches the main reflecting mirror; after the incident ray is focused, the incident ray passes through the front surface, the rear surface and the front surface of the Mangin mirror insequence without hindering in sequence; and after the incident ray is refracted by the rear-group concave lens and three rear-group positive lenses in sequence, the incident ray passes through the center hole of the main reflecting mirror without hindering to finally reach an image surface. The telescope objective has the advantages of long focal length, low cost, small volume, light weight, compact structure, good imaging quality, easiness in processing and adjustment and the like.