This study presents preparing and characterization of polyacrylonitrile (PAN) fibers containing various content of tetraethoxysilane (TEOS) incorporated via mutual spinning solution or emulsion using wet and mechanotropic spinning methods. It was shown that the presence of TEOS in dopes does not affect their rheological properties. The coagulation kinetics of complex PAN solution was investigated by optical methods on the solution drop. It was shown that during the interdiffusion process phase separation occurs and TEOS droplets form and move in the middle of the dope’s drop. Mechanotropic spinning induces the TEOS droplets to move to the fiber periphery. The morphology and structure of the fibers obtained were investigated by scanning and transmission electron microscopy, as well as X-ray diffraction methods. It was shown that during fiber spinning stages the transformation of the TEOS drops into solid silica particles takes place as a result of hydrolytic polycondensation. This process can be characterized as the sol-gel synthesis. The formation of nano-sized (3–30 nm) silica particles proceeds without particles aggregation, but in a mode of the distribution gradient along the fiber cross-section leading to the accumulation of the silica particles either in the fiber center (wet spinning) or in the fiber periphery (mechanotropic spinning). The prepared composite fibers were carbonized and according to XRD analysis of carbon fibers, the clear peaks corresponding to SiC were observed. These findings indicate the useful role of TEOS as a precursor agent for both, silica in PAN fibers and silicon carbide in carbon fibers that has potential applications in some advanced materials with high thermal properties.