Tracking Telemetry and Command(TT&C) for near space hypersonic spacecraft needs to solve blackout,over-the-horizon and multi-target problems. According to the characteristics that Terahertz waves can penetrate the plasma and are attenuated intensively in the atmosphere,the Terahertz TT&C system based on airborne platform including aeroplane and airship is researched. The Terahertz system can accomplish integrated function of velocity measurement,ranging,telemetry and telecommand by using spread spectrum technology;and tracking telemetry and command for multi-target can be realized as well. The ballistic measurement of hypersonic spacecraft can be implemented by using nR (n≥3) method. The analysis results indicate that the technology solutions for air-borne Terahertz spread spectrum TT&C system are reasonable,while there are significant differences for engineering application.