Valve announced the prices for its Steam Machine on June 22, with the base 512GB model costing $1049.
The device comes in four configurations. The 512GB version starts at $1049, while the 2TB model costs $1349. Bundles including the Steam Controller add $79 to $79 respectively.
Valve described the Steam Machine as an extension of PC gaming rather than a console. It will not subsidize hardware prices to maintain an open ecosystem, the company said.
The high cost stems from a RAM and storage shortage driven by AI data center demand. Valve noted the original target price was significantly lower, around $750.
Reservations opened June 22 and close June 25. Shipping begins after June 29 via a randomized waitlist system.