Why Virgin Galactic Stock Just Dropped 7%

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.

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Source Fool.com