The present invention features in preferred aspects a method of fabricating nano composite powder consisting of carbon nanotubes and metal matrix powder is disclosed. The method includes a low-speed milling process of milling and mixing the carbon nanotubes and the metal matrix powder, and a high-speed milling process of milling the carbon nanotubes and the metal matrix powder which are homogenously mixed in the low-speed milling process to homogenously disperse the carbon nanotubes in the metal matrix powder. In certain preferred aspects, the method can prevent damage of the carbon nanotube and can homogenously disperse the carbon nanotubes in the metal matrix.