Abstract Aerogel‐based composites have demonstrated considerable potential for applications in the field of electromagnetic wave (EMW) absorption. Nevertheless, the development of such materials featuring precisely engineered microstructures, balanced magnetic/dielectric multicomponent systems, and integrated multifunctionality remains a major challenge. In this work, an MXene/lignocellulose‐derived carbon framework/Fe composite carbon aerogel is successfully fabricated through a component‐structure systematized strategy. By integrating ice‐crystal‐template‐directed assembly with subsequent carbonization, a 3D porous interpenetrating network is formed by cellulose‐derived carbon skeletons and MXene conductive nanosheets, which significantly enhances multiple EMW scattering and interfacial polarization. As a multifunctional molecular cross‐linker, lignosulfonate (LS) not only reinforced hydrogen bonding and electrostatic interactions but also effectively anchors magnetic particles, thereby achieving a synergistic enhancement of dielectric and magnetic loss mechanisms. Following precise optimization of component ratios, the sample achieves a minimum reflection loss ( RL min ) of −51.2 dB and an effective absorption bandwidth (EAB) of 4.12 GHz at a thickness of only 1.4 mm. Moreover, the aerogel displays favorable hydrophobic‐oleophilic properties and thermal insulation. This work thus provides a feasible strategy for the development of lightweight, high‐performance, and multifunctional aerogel‐based EMW absorbing materials.