Precise geometric parameters are essential to ensure the positioning accuracy for space optical cameras. However, state-of-the-art onorbit calibration method inevitably suffers from long update cycle and poor timeliness performance. To this end, in this paper we exploit the optical auto-collimation principle and propose a real-time onboard calibration scheme for monitoring key geometric parameters. Specifically, in the proposed scheme, auto-collimation devices are first designed by installing collimated light sources, area-array CCDs, and prisms inside the satellite payload system. Through utilizing those devices, the changes in the geometric parameters are elegantly converted into changes in the spot image positions. The variation of geometric parameters can be derived via extracting and processing the spot images. An experimental platform is then set up to verify the feasibility and analyze the precision index of the proposed scheme. The experiment results demonstrate that it is feasible to apply the optical auto-collimation principle for real-time onboard monitoring.