Valve sets Steam Machine prices up to $1,428, preorder June 25

Valve finally put a price on Steam Machine, and the number is a gut check: $1,049 for the 512GB model, $1,349 for the 2TB version, and as much as $1,428 for the top bundle with the new Steam Controller and two extra faceplates. That puts Valve’s return to the living-room PC category far above the Steam Deck and squarely in the territory of a serious gaming PC, not a bargain console replacement.

The official Steam store page pitches the hardware as “powerful PC gaming made easy, in a small and mighty package,” with “your games on the big screen” and “over six times the horsepower of Steam Deck.” It also lists four configurations: 512GB, 512GB with Controller, 2TB, and 2TB with Controller, underscoring that Valve is selling a flexible SteamOS box built around a user’s existing library rather than a fixed console-style ecosystem.

Valve said reservation sign-ups run until June 25 at 10:00 a.m. PT, 1:00 p.m. ET, and selected buyers will be emailed during the week of June 29. The company is limiting each household to one Steam Machine sign-up, and applicants must have a Steam account in good standing plus a Steam purchase made before April 27, 2026. Valve is clearly trying to keep the rollout controlled and, in its words, make the process “more fair for everyone.”

The pricing only makes sense in the context of scarcity and component costs. Polygon reported that Valve called launch quantity “less than we wanted to be able to make,” and said Steam Machine is “significantly more” expensive than it originally envisioned. Valve also described it as “a weird time to launch hardware,” pointing to the global cost of parts sourced from manufacturers around the world.

That reality check is why Steam Machine feels less like a console challenger and more like a premium mini-PC for people already deep in Steam. GameSpot reported the 512GB model will cost $1,049 without a controller and launch on June 30, which makes the value question unavoidable when compared with current consoles on one side and full gaming rigs on the other. Valve is betting that access to the entire Steam library, SteamOS 3, a microSD card slot, and a bundled Steam Controller are enough to justify the price.

The bigger story is that Valve has returned to the living-room PC idea it first pushed nearly a decade ago, but this time it is doing it with a much higher sticker price. Steam Machine is real, it has a launch date, and Valve is asking players to decide whether convenience, ecosystem continuity, and a big-screen PC experience are worth paying premium-PC money for.