What is important here is the distance between the sponsoring company and the SPE. In the absence of adequate distance between the sponsor and the new entity, the latter will not be an SPE but only a subsidiary company. A good SPE should be able to stand on its feet, independent of the sponsoring company.
President Eisenhower authorizes creation of NASA. On this day in 1958, President Dwight D. Eisenhower signs an act that creates the National Aeronautics and Space Administration (NASA). He called the signing an [sic] historic step, further equipping the United States for leadership in the space age.
First Space Shuttle Launched On April 12, 1981, NASA launched the world's first reusable manned spacecraft. In the minutes before takeoff, Kennedy Space Center launch control communicates with astronauts John Young and Robert Crippen as they prepare to take Columbia on its first test flight into space and back.