In this study, a distributed optical fiber sensor was used for strain monitoring and installation adjustment of a satellite–rocket connection device under a preload. The distributed optical fiber sensor was installed on both the tape and the satellite docking frame, utilizing OFDR (Optical Frequency Domain Reflectometry) based on Backward Rayleigh scattering strain demodulation methods to precisely measure the strain distribution of both components when subjected to a preload. In order to deal with the uneven stress of the belt in the process of preloading, a finite element analysis was performed to obtain the strain distribution of the belt under preloading. The strain monitoring results of the optical fiber and strain gauge were compared, and the strain trend of the finite element simulation results was verified. Finally, the measured strain data were adopted to assist the installation and adjustment of the satellite–rocket connection device to achieve a uniform distribution of the preload. The experimental results showed that the standard deviation of strain at each position of the tape was reduced after adjustment. This study provides guidance for the installation of satellite–rocket connection devices.