Valve has revealed the price of the Steam Machine, with the cheapest option priced at over $1000.

The Steam Machine is available in four different versions and are priced as follows:

• Steam Machine 512GB (without Steam Controller): $1,049 USD / $1,509 CAD / €1,039 / £879
• Steam Machine 512GB (with Steam Controller): $1,128 USD / $1,628 CAD / €1,108 / £938
• Steam Machine 2TB (without Steam Controller): $1,349 USD / $1,919 CAD / €1,359 / £1,149
• Steam Machine 2TB (with Steam Controller): $1,428 USD / $2,038 CAD / €1,428 / £1,208

The 2TB versions of the Steam Machine also include two additional faceplates: red fabric and solid walnut.

In a post on the Steam Hardware page, Valve admits that the price of the Steam Machine is higher than it had originally planned, citing the significant rise in component costs as a key factor.

“Steam Machine, like our other hardware products, is made up of many components that we source from manufacturers around the world,” Valve said. “The price at which we sell our hardware is a direct result of the cost of these components.”

“We felt like we had a good understanding of how those costs might change over time when we first started sourcing them for Steam Machine back in 2023. That understanding was born from the many years of data we all have about the evolution of PC hardware prices – primarily, that it tends to get cheaper over time as new technology arrives.”

“Over the past year or so, that has changed quickly and significantly, most visibly for RAM and storage components. There are a variety of reasons, all of which are affecting hardware products everywhere.”

“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.”

“Price wasn’t the only thing impacted by all of this: availability was as well. There were periods where we found we couldn’t source some of our components at all, at any price. More than anything else, this has impacted the number of units we’ve been able to produce for launch.”

Valve has also confirmed that in a bid to prevent scalping, the queuing process for Steam Machine orders will work differently to the first come, first served system that was used for the Steam Controller.

Starting from today and running until June 25th, users will be able to join the waitlist for the Steam Machine bundle of their choosing. Once the initial waitlist is closed, a one-time randomisation will take place to determine the waitlist order, with the first batch of Steam Machines expected to be disptach from June 29th.

Users can still join the waitlist after the initial signup period, but they will be placed at the back of the queue.

In order to join the waitlist, users must meet the following criteria:

• Have a Steam account in “good standing.”
• Have made a purchase on Steam prior to April 27th 2026.
• Limit one signup per household, with Valve using payment method, shipping address, and other information to eliminate multiple entries.

Valve says that this randomised reservation system is designed to be more fair and less frustrating than the system that was put in place for the Steam Controller.

“We underestimated customer interest when we recently released the new Steam Controller, and we wanted to create a system that would be less frustrating and more fair for everyone,” Valve said.

“A launch that starts at a specific day and time tends to reward bots, people with fast internet connections, talented gaming fingers for quick F5/refresh reactions, and those who can schedule their life around that moment.”

“By accepting reservation signups over the course of a few days, without any incentive to be first, we’re hoping to take away some of that friction.The longer timeframe also allows us to do some extra validation on the signups to make sure they’re real accounts, with only one per household.”