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.
The National Aeronautics and Space Administration logo has three main official designs, although the one with stylized red curved text has been retired from official use since 1992. The three logos include the NASA insignia, the NASA logotype, and the NASA seal. The NASA seal was approved by President Eisenhower in 1959, and slightly modified by John F. Kennedy in 1961.