Amid the conflict between the current huge data volumes and the requirement for large-compression-ratio compression in space-borne multichannel SAR, this paper proposes a data compression method that uses the adaptive bit allocation BAQ method in the Doppler domain of space-borne multichannel SAR. Specifically, 3MBAQ, which denotes multichannel, multipulse, multiweight block-adaptive quantization, performs signal reconstruction through a Krieger filter to obtain the Doppler spectrum under azimuthal multichannel and multipulse conditions and then achieves nonuniform bit allocation by using the multiple weight contributions between subband spectra. Furthermore, large-compression-ratio compression can be realized in homogeneous scenarios by using the adaptive bit allocation BAQ method together with the improved bit error control (BEC) algorithm. In this paper, the effectiveness of the 3MBAQ method is verified on GF3 measured data. Moreover, compared to the SQNR and NMSE of the BAQ, A-BAQ, A-BAQ-BEC, MCBAQ-ASQ, and MCBAQ-BEC methods under the same conditions, it is shown that there is an optimal 1.3434 dB improvement in SQNR and a 0.0241 improvement in NMSE using the 3MBAQ algorithm, and the complexity of the algorithm for 3MBAQ is O(N2log(N)), which is within acceptable limits, clearly proving the superiority of the 3MBAQ method.