Porous aluminum has been widely used as a wick, an electrode, and in other products, due to its advantages of a light weight, pore uniformity, and corrosion resistance. However, the dense alumina layer on the surface of Al powder hinders its densification during sintering. In this paper, porous aluminum was prepared via loose powder sintering with the addition of Cu as a sintering aid. The effects of Cu content on the microstructure and wick properties of the porous aluminum were investigated. The results showed that, with increasing Cu content, the porosity and capillary properties of porous Al decreased, while the compressive strength improved. The optimal Cu content was determined to be 3 wt.% and the prepared porous Al has a porosity of 47.5%, plateau stress of 11.82 MPa, and capillary characteristic parameter of 6.72 × 10−8 N, meeting the requirements for wicks in heat pipes. These findings contribute to the demand for the lightweight design of heat pipes for aerospace applications.