The invention relates to high-performance ultra-lightweight foam ceramic prepared by taking shale as a main raw material and a method thereof. The high-performance ultra-lightweight foam ceramic comprises the following chemical components in percentage by weight: 50%-70% of SiO2, 10%-20% of Al2O3, 3%-8% of CaO plus MgO, 5%-10% of Fe2O3, 1.0%-6.0% of K2O plus Na2O and 1.0%-2.0% of ZrO2 plus SiC plus C, and the process flow comprises the following steps of preparing materials, performing fine crushing, granulating, loading into an assembled refractory castable kiln tool, striking off, placing into a kiln for firing, getting a product, cutting into the product in the required specification and the size, inspecting, packaging and putting into a warehouse. According to the high-performance ultra-lightweight foam ceramic disclosed by the invention, the defects that the expansion of cracks in the past can affect the product quality, the rupture strength and the compressive strength are not sufficient, the resistance to thermal shock damages is poor and the like, can be solved. According to the high-performance ultra-lightweight foam ceramic disclosed by the invention, compressive stress is generated in a main crack action region for preventing the expansion of the cracks, so that the toughening effect is shown; and by introducing dispersed zirconium oxide particles, the rupture strength and the compressive strength of a composite can be obviously improved, the resistance to the thermal shock damages of the material is also improved, and the optimization of non-renewable resources is further utilized.