Well, technically NASA is a little older than that, but as they “started business” on October 1, 1958 we’re calling it their fiftieth anniversary. In actuality it was July 29, 1958 that President Eisenhower who signed the National Aeronautics and Space Act which created NASA.
NASA (National Aeronautics and Space Administration) basically took over the operations of NACA (National Advisory Committee for Aeronautics)to be the “official” agency of exploration of space and aviation. The first administrator of NASA was T. Kenneth Glennan, who served in that capacity from August 19, 1968 until January 20, 1961. The current administrator is Michael Griffin.
It would be hard to list the many varied and vast achievments that have happened over the past fifty years, or the leaps in technology that have been brought to the mainstream populace due to the ingenuity, courage, and intelligence of the people who have worked for NASA over the years. Suffice it to say the world would be a vastly different place without their efforts.
If you head over to the main NASA site, they have a wide variety of images and stories regarding their anniversary.