Valve has revealed what the Steam Machine costs: $1,049 (1,039€) for the 512GB model, and up to $1,428 (1,428€) for the 2TB model with a Steam Controller. Reservations opened on June 22 and run until June 25.
The Steam Machine is Valve's compact living-room PC, a small cube that runs SteamOS. Valve announced it in November 2025 alongside a new Steam Controller and the Steam Frame VR headset. Until now, players only had speculation about the price. There are four versions: 512GB or 2TB of storage, each with or without a bundled Steam Controller.
Why Valve says it costs this much
Valve says its original price goal is no longer viable. It points to higher component costs, most visibly for RAM and storage, and says the prices reflect the parts it secured in recent months. Some components could not be sourced at any price. That cut the number of units available at launch.
According to The Verge, Valve sells the Steam Machine for the cost of its components alone, without subsidizing the price. Valve argues that selling hardware below cost to gain an edge builds a more closed system, and says it does not want that for PC hardware.
That puts the Steam Machine well above a PS5 or Xbox Series X.
How the reservation draw works
Instead of a first-come, first-served sale, Valve uses one random draw to set the buying order. The company says this should improve the purchase experience and limit resellers. After the draw, every player is either in the reservation queue, with a Steam Machine reserved in their name, or on a waitlist. Anyone who signs up later goes to the end of the waitlist.
Signing up requires a Steam account in good standing with a purchase made before April 27, 2026, and Valve allows one reservation per household. Valve runs separate lists for North America, the UK, the European Union and Australia. Orders in Japan, Taiwan and Hong Kong go through its distributor Komodo.
Valve says it intends to get through the reservation queue by the end of 2026. The outlet notes that this leaves waitlisted players unlikely to get a machine before 2027, unless reservation holders drop out.
Players who miss out have another route: Valve says SteamOS can run on a self-built PC starting with version 3.8, but only with AMD graphics cards for now.
Sign-ups close on June 25 at 10 a.m. PT, and Valve emails everyone their result that day.
The first purchase emails for the reservation queue are scheduled to start on Monday, June 29. Each buyer then has 72 hours to check out before Valve moves on to the next person in line.
