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.
Answers.comÂ® is making the world better one answer at a time. NASA was founded in 1958. the reason NASA begane is because Russia put up the first satilight in space called spunick,so in order to compeht NASA was formed.