In microscopy, this is called 'super-resolution'. You can take many images over and over, and while the light itself is 100s of nanometers large, you actually can calculate the centroid of whatever is producing that light with greater resolution than the size of the light itself.
This oldish link would indicate inclusions of lead in aluminum at 330°C will move within 2nm in 1/3s but may displace by 100s of nanometers over time:
https://www2.lbl.gov/Science-Articles/Archive/MSD-Brownian-m...
Combining multiple exposures is not significantly different from a single longer exposure, except the key innovation of combining motion data and digital image stabilization which allows smartphones to approximate longer exposures without the need of a tripod.
So not only can you compensate for unwanted motion of the camera rig, but also for external factors like the atmosphere.
For faint deep-sky objects, IIRC you really do want long exposures, to overcome sensor noise. At least the comparisons I've seen using same total integration time, a few long exposures had much more detail and color compared to lots of short exposures.
That said, lots of short exposures might be all you can do if you're limited by equipment or such, and is certainly way better than nothing.