In this paper, multi-wall carbon nanotube (MWNT) added carbon fiber reinforced plastics (CFRP) composites are suggested as solutions to improve the impact energy absorbing capability of CFRP for spacecraft application because it was proven that the resistance against LEO environment and the quasi-static material properties of CFRP can be improved by adding MWNT in previous papers. To verify the effect of MWNT on the impact energy absorbing capability of composite materials, normal CFRP and MWNT-reinforced CFRP were prepared and tested by using a two-stage light gas gun that can accelerate an aluminum ball of a diameter of 5.56 mm to 1 km/s. And the applicability of MWNT against hypervelocity impact of space debris was studied. In addition, accelerated ground simulation experiments were performed for each material model to simulate the aging of composite materials to verify the effect of LEO environmental aging on impact absorbing capability of composites. For the aging experiment, the impact specimens were simultaneously exposed to high vacuum, atomic oxygen, ultra violet light, and thermal cycling. After being exposed to simulated LEO environment, high velocity impact tests were performed for each material. As a result, MWNT did not have a significant improvement on the impact energy absorbing capability of CFRP under high velocity impact, even though the quasi static material properties are improved by adding MWNT. This is caused by the early generation of fiber breakages on the impact surface before enough generation of progressive failure which is one of the impact energy absorbing mechanism. Similarly, MWNT has less effect on the impact energy absorbing capability of CFRP under LEO environment.