What happened Amidst all the market turmoil we've experienced this week, this little tidbit of space news slipped right by me: On Tuesday, investment banker Morgan Stanley -- the company that lit the fuse on Virgin Galactic (NYSE: SPCE) stock by positing a $22 valuation back in December -- quietly upped its estimate once again (to $30 a share, said TheFly.com). Image source: Virgin Galactic. So what I wasn't the only one to notice. Lost in the turmoil of other stocks tumbling right and left, Virgin Galactic stock actually sank 5% on the day Morgan Stanley made its target price switcheroo. And today, Virgin Galactic shares are down another 8.4% as of 10:15 a.m. EST, thanks once again to the coronavirus. Currently the stock sits not all that much higher than Morgan Stanley's initial, now almost conservative-looking $22 price target. But does it still deserve to go higher? Now what Morgan Stanley thinks so, musing that as America makes progress toward returning humans to the moon, news updates on that project "can have a powerful impact on public and investor support" for a space stock like Virgin Galactic. With many prominent space stocks still private and unavailable for direct investment, this kind of makes publicly traded Virgin Galactic the only pure-play spaceport in the storm. Morgan Stanley even sees what it thinks might be the next catalyst to lift Virgin Galactic higher, when SpaceX (maybe) launches a Crew Dragon spacecraft to the International Space Station on May 7 -- with astronauts on board! If that happens, Virgin Galactic shares could make up today's losses, and more. 10 stocks we like better than Virgin Galactic Holdings IncWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Virgin Galactic Holdings Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of Virgin Galactic Holdings Inc. The Motley Fool has a disclosure policy.Source