The Universat-SOCRAT project is developed in the Moscow State University aiming to forecast space-related risks for aviation, suborbital, and orbital flights and provide new knowledge on the magnetosphere and atmosphere of the Earth. An essential part of the system is a multi-satellite constellation, which would operate in the low-Earth orbit. Among other things, it would monitor the radiation and magnetic-wave environment in the vicinity of the Earth: in space and atmosphere. An Earth observation system, which operates in gamma and visible spectral range, should allow attribute detected changes in the environment to the atmospheric phenomena. We have already designed the instruments to detect increases in the flux of energetic charged particles (solar energetic particles, galactic cosmic rays, and electrons precipitating from radiation belts), geomagnetic disturbances, and electromagnetic transients in the atmosphere. The first stage of the program started on July 5, 2019, with a successful launch of three 3U CubeSats from the Vostochny cosmodrome. These satellites carry instruments for monitoring space radiation and prototype of the device for observing the Earth’s atmosphere in the ultraviolet range. The collected data has confirmed the advantages of multi-satellite observations for the goals of the project. During this year, we plan to launch two more 6U CubeSats with charged particle and gamma-ray detectors, magnetometers, and instrument for detecting of atmospheric electromagnetic transients. We suppose that these satellites will lay the foundation of the space threat monitoring system.