The rheology and foaming/expansion of the slurries of a waste/recycled glass powder with 50, 55 and 60 wt% of solid (glass powder) were experimentally investigated. The glass powder slurries were foamed using aluminum powder as foaming agent (0.75 wt%) and calcium hydroxide as activator (1 wt%). Sodium carboxymethyl cellulose (CMC) was added to the slurries as a binder with the amounts between 0 and 4 wt%. The expansions of the slurries were measured in-situ using a laser sensor and reported as percent volume expansion. The CMC-addition increased the viscosities of the slurries, particularly the fine size powder slurries. The slurries with the relatively low-viscosity exhibited lower initial expansion rates compared to the slurries with the relatively high-viscosity. The maximum expansions of the slurries increased from 300 to 350%, when the viscosity increased to 5 Pa s and reached a steady value around 400% between 5 and 50 Pa s. The expansions of the slurries could not be achieved above 50 Pa s since they became too thick to be foamed. The foam samples made from the slurries with 55 and 60 wt% of solid and sintered at 700 and 750 °C for 30 min had the average densities between 355 and 530 kg m−3 and the average compressive strengths between 0.2 and 0.5 MPa. Increasing sintering time to 60 min at 750 °C increased the average compressive strength from 0.5 to 1.5 MPa for the foam samples made from the slurry with 60 wt% of solid. These proved that both sintering temperature and time were effective in increasing the compressive strengths of the foamed structures. The thermal conductivities of the sintered foam samples with the densities of 355 and 504 kg m−3 were measured 0.042 and 0.057 W m−1 K−1, respectively.