Steam Machine priced at $1049, Valve officially confirms

The Steam Machine will start at over $1,000 for the 512GB system, Valve today announced.

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Valve has opened sign-ups for Steam Machine purchases while confirming a shocking $1,000+ price tag for the system. There will be two versions offered; the 512GB option for $1,049, and a 2TB version for a whopping $1,349, with two separate bundles that include a Steam Controller. The prices reflect the ongoing RAM crisis that's driving up hardware costs, Valve says.

"The overall effect is that our original goal for the price of Steam Machine is no longer viable. So the prices we're sharing today reflect the state of the world for manufacturing; or, more accurately, it reflects the price of the components as we've secured them over the past 6 months."

Steam Machine is launching in four different options that you can sign up for beginning today:

• Steam Machine 512GB: $1,049 USD / 1,509 CAD / 1,039 EUR / 879 GBP / 1,609 AUD / 4,389 PLN
• Bundle: Steam Machine 512GB + Steam Controller: $1,128 USD / 1,628 CAD / 1,108 EUR / 938 GBP / 1,728 AUD / 4,698 PLN
• Steam Machine 2TB: $1,349 USD / 1,919 CAD / 1,359 EUR / 1,149 GBP / 2,109 AUD / 5,739 PLN
• Bundle: Steam Machine 2TB + Steam Controller: $1,428 USD / 2,038 CAD / 1,428 EUR / 1,208 GBP / 2,228 AUD / 6,048 PLN

Both the Steam Machine 2TB and 2TB bundle options come with two additional faceplates: red fabric, and solid walnut.

Valve says anyone can sign up now for the version they want to buy, but this isn't a pre-order or a guarantee. You're just reserving a spot that will be randomly picked via lottery, and if you're selected, you get a chance to actually buy the system.

The randomized lottery will take place on June 25, 2026 at 10AM PST, and it is then when pre-orders will be confirmed.

The first batch of Steam Machine units will ship next week on June 29, 2026.

Valve also has a surprising highlight of the Steam Machine's business model:

"The traditional console model is to sell hardware at a loss and make up the revenue with subscription services or by selling games that are locked-in to the hardware. We think this can make sense for a single business in the short term but that open ecosystems are better for customers over the long term."