Alumina bubble ceramics is a light-weight high-strength thermal insulation material of excellent properties with a wide-range application. Binder is the key to its preparation. Binder enables the alumina bubbles to be bonded together to form alumina bubble ceramics with mechanical properties. We report a new method of preparing alumina bubble ceramics with a binder precursor®silicone rubber. The transition of silicone rubber from organic to inorganic substance occurs during the sintering process. Moreover, the binder formed during the transformation coated and bonded alumina bubbles well. Compressive strength of prepared samples was up to 7.5 MPa. For their light weight, high strength, such materials can be adopted as thermal insulations, with prospective application for spacecraft thermal sealing. Due to the good molding characteristic, excellent green body elasticity, and high machinability, this method can be used to prepare samples of complex shapes and precise dimensions.