The present invention relates to a powder fabricating apparatus. It is an object of the present invention to provide the powder fabricating apparatus, which is capable of obtaining metal powder in a rapid and continuous fashion, various kinds of oxide, or alloy powder. The powder fabricating apparatus for achieving the object of the present invention comprises a barrel wherein an inlet and an outlet are formed at both opposite ends thereof, respectively; a screw which is rotationally mounted in the barrel and by which reactant supplied from the inlet moves toward the outlet; a driving portion for causing a relative rotational motion between the screw and the barrel; reaction control means for controlling reaction conditions of the reactant which moves in the barrel; and a controller for controlling the driving portion and the reaction control means.