diff --git a/apps/pwa/src/moshpit.mjs b/apps/pwa/src/moshpit.mjs
index af5e3d8..5a728f0 100644
--- a/apps/pwa/src/moshpit.mjs
+++ b/apps/pwa/src/moshpit.mjs
@@ -29,6 +29,20 @@ export {
   parseTldList, tldRejection, normalizeMode, resolutionPreference,
 } from "./lib/moshpit-name.mjs";
 
+/**
+ * The largest number this column will accept.
+ *
+ * Not a policy cap. What an ending's names cost is the operator's call -- the
+ * defaults ($2 a name, $5 an ending) are a starting point, not a ceiling, and
+ * an ending somebody wants seven figures for is their business. This exists
+ * only so a fat finger or a hostile client cannot park Infinity, a NaN or 1e300
+ * in a column that later gets charged.
+ *
+ * It replaced a $1,000,000 bound, which was low enough to be a policy decision
+ * nobody had made.
+ */
+export const MAX_LISTING_PRICE_USD = 1_000_000_000;
+
 const COLS = `tld, user_id, owner_email, alias_of, price_usd, created_at`;
 
 export async function getTld(tld) {
@@ -334,12 +348,11 @@ export async function setTldPrice({ tld: tldInput, userId, priceUsd }) {
     // NaN/Infinity would be stored verbatim and then charged; a negative or
     // zero price would let anyone drain the namespace for free.
     if (!Number.isFinite(price) || price <= 0) return { ok: false, error: "price must be a positive number" };
-    // Not capped at MAX_CHILD_PRICE_USD here on purpose. PRD 0005 R3 caps the
-    // annual child price at $1.99, but that requirement arrives with terms,
-    // renewals and the ledger, and today this same column also carries prices
-    // set before any cap existed. The forms default to the cap and hint at it;
-    // enforcing it is a migration, not a validation tweak.
-    if (price > 1_000_000) return { ok: false, error: "price is implausibly large" };
+    // Not capped at MAX_CHILD_PRICE_USD on purpose, and the forms no longer
+    // pretend otherwise: $2 is what a new ending defaults to, not the most it
+    // may charge. PRD 0005 R3's annual cap arrives with terms, renewals and the
+    // ledger; this column already carries prices set before any cap existed.
+    if (price > MAX_LISTING_PRICE_USD) return { ok: false, error: "price is implausibly large" };
     price = Math.round(price * 100) / 100;
   }
 
@@ -773,7 +786,7 @@ function* chunksOf(list, size) {
 function normalizePrice(value) {
   if (value === null || value === undefined || String(value).trim() === "") return null;
   const price = Number(value);
-  if (!Number.isFinite(price) || price <= 0 || price > 1_000_000) return undefined;
+  if (!Number.isFinite(price) || price <= 0 || price > MAX_LISTING_PRICE_USD) return undefined;
   return Math.round(price * 100) / 100;
 }
 
diff --git a/apps/pwa/src/routes/moshpit.mjs b/apps/pwa/src/routes/moshpit.mjs
index 0bc76b6..789e548 100644
--- a/apps/pwa/src/routes/moshpit.mjs
+++ b/apps/pwa/src/routes/moshpit.mjs
@@ -41,7 +41,7 @@ import {
   listTldsForUser,
   listTldsNotOwnedBy,
   MAX_BULK_TLDS,
-  MAX_CHILD_PRICE_USD,
+  MAX_LISTING_PRICE_USD,
   normalizeLabel,
   normalizeMode,
   normalizePinKind,
@@ -632,9 +632,9 @@ moshpitRouter.get("/api/moshpit/resolve", async (req, res) => {
 const claimDefaults = (req) => `
 <div class="pit-defaults">
   <label>Price each
-    <span class="pit-dot">$</span><input name="price_usd" type="number" min="0.01" step="0.01" max="${MAX_CHILD_PRICE_USD}"
+    <span class="pit-dot">$</span><input name="price_usd" type="number" min="0.01" step="0.01" max="${MAX_LISTING_PRICE_USD}"
       value="${DEFAULT_TLD_PRICE_USD}" placeholder="unlisted" autocomplete="off"
-      aria-label="price per name, in dollars — clear it to keep them off the market"></label>
+      aria-label="price per name, in dollars — what you charge is yours to set; clear it to keep them off the market"></label>
   <label>Point at
     <span class="pit-dot">.</span><input name="alias_of" placeholder="nothing"
       autocomplete="off" spellcheck="false" aria-label="an ending you already hold"></label>
diff --git a/apps/pwa/test/moshpit-sales.test.mjs b/apps/pwa/test/moshpit-sales.test.mjs
index bd8ae43..38cb128 100644
--- a/apps/pwa/test/moshpit-sales.test.mjs
+++ b/apps/pwa/test/moshpit-sales.test.mjs
@@ -44,7 +44,9 @@ test("moshpit name sales", { skip: installed ? false : "pwa dependencies not ins
   });
 
   await t.test("a price must be a positive, plausible number", async () => {
-    for (const bad of [0, -5, "abc", Infinity, NaN, 5_000_000]) {
+    // The ceiling is an overflow guard, not a policy price: what an operator
+    // charges is their call, so only nonsense is refused.
+    for (const bad of [0, -5, "abc", Infinity, NaN, 5_000_000_000]) {
       const r = await m.setTldPrice({ tld: "whatever", userId: SELLER, priceUsd: bad });
       assert.equal(r.ok, false, `${bad} should be refused`);
     }
@@ -52,6 +54,21 @@ test("moshpit name sales", { skip: installed ? false : "pwa dependencies not ins
     assert.equal((await m.getTldWithPrice("whatever")).price_usd, null);
   });
 
+  await t.test("an operator may ask seven figures for a name", async () => {
+    // $2 is what a new ending defaults to, not the most it may charge — the
+    // form used to cap the input at the default and call it a rule.
+    const r = await m.setTldPrice({ tld: "whatever", userId: SELLER, priceUsd: 1_000_000 });
+    assert.equal(r.ok, true, r.error);
+    assert.equal(r.priceUsd, 1_000_000);
+
+    const quoted = await m.quoteName({ tld: "whatever", label: "expensive", buyerId: BUYER });
+    assert.equal(quoted.ok, true, "and a buyer can be quoted it");
+    assert.equal(quoted.priceUsd, 1_000_000);
+
+    await m.setTldPrice({ tld: "whatever", userId: SELLER, priceUsd: null });
+    assert.equal((await m.getTldWithPrice("whatever")).price_usd, null);
+  });
+
   await t.test("listing sets a price, rounded to cents", async () => {
     const r = await m.setTldPrice({ tld: "whatever", userId: SELLER, priceUsd: "12.345" });
     assert.equal(r.ok, true);