The classical Atherton–Todd reaction has been successfully applied to the synthesis of pentacoordinate pyrospirophosphoranes containing a P‐O‐P bond under mild conditions. The absolute configurations of the products were confirmed by X‐ray diffraction analysis and spectroscopic identification. And 31P NMR chemical shifts of the products were correlated with stereochemistry. A possible mechanism for explaining the stereochemistry of the reaction was proposed, and it could well explain the results of the reactions of different pentacoordinate hydrospirophosphoranes.