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.
It was obvious to many U.S. officials, though, that a more organized and focused effort was needed. In July 1958, Congress passed legislation establishing NASA as the coordinating body of the U.S. space program. During the next decade, NASA became synonymous with the space race. In May 1961, President John F. Kennedy announced that the United States should set a goal of putting a man on the moon by the end of the decade.