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.
Print. NASA stands for the National Aeronautics and Space Administration. It is a government agency that was created by Congress in 1958. NASAâs mission is to explore space and aeronautics, or flight research. NASA is also responsible for making sure that the United States space program is conducted for peaceful purposes that can help mankind. The head of NASA has to be approved by the government.