Carbon fiber-reinforced polymer (CFRP) composite materials are widely used in engineering applications, but their production generates a significant amount of waste. This paper aims to explore the potential of incorporating mechanically recycled aerospace prepreg waste in thermoplastic composite materials to reduce the environmental impact of composite material production and promote the use of recycled materials. The composite material developed in this study incorporates a bio−based thermoplastic polymer, polyamide 11 (PA11), as the matrix material and recycled aerospace prepreg waste quasi-one-dimensionally arranged as reinforcement. Mechanical, thermal, and thermomechanical characterizations were performed through tensile, flexural, and impact tests, as well as differential scanning calorimetry (DSC) and dynamic mechanical analysis (DMA). Compared to previous studies that used a different recycled CFRP in the shape of rods, the results show that the recycled prepregs are a suitable reinforcement, enhancing the reinforcement-matrix adhesion and leading to higher mechanical properties. The tensile results were evaluated by SEM, and the impact tests were evaluated by CT scans. The results demonstrate the potential of incorporating recycled aerospace prepreg waste in thermoplastic composite materials to produce high-performance and sustainable components in the aerospace and automotive industries.