This study extends previous research on graphene-epoxy nanocomposites by investigating the thermal, mechanical, electrical, and chemical properties of multi-walled carbon nanotube (MWCNT)-reinforced polycarbosilane (PCS) hybrid polymer matrix nanocomposites. Building on the foundational work that demonstrated the enhanced performance of graphene-epoxy nanocomposites, this research explores the potential of MWCNTs as a superior reinforcing agent within the PCS matrix. The MWCNT-PCS nanocomposites were synthesized and characterized using a comprehensive suite of techniques, including X-ray diffraction, thermogravimetric analysis, scanning electron microscopy, specific gravity analysis and surface resistance measurements. The results indicate that MWCNT-PCS nanocomposites exhibit improved thermal stability, higher degradation temperatures, and enhanced thermal conductivity, along with significant improvements in mechanical strength and lower surface resistance, indicating superior electrical conductivity. Additionally, the chemical interactions between MWCNTs and the PCS matrix were analyzed to assess the dispersion and bonding quality, contributing to the overall performance of the nanocomposites. These findings suggest that MWCNT-PCS nanocomposites are promising candidates for high-performance applications in aerospace, where thermal stability, mechanical strength, electrical conductivity and chemical stability are critical. This paper not only confirms the benefits of MWCNT reinforcement but also provides a direct comparison with graphene-epoxy nanocomposites, underscoring the advancements made in this ongoing research.