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.
This first Canadian astronaut group was selected by the National Research Council of Canada and were transferred to the Canadian Space Agency (CSA) when it was created in 1989. All the astronauts flew on the U.S. Space Shuttle by 1997 except Ken Money, who resigned from CSA in 1992.