Valve explains why it isn’t subsidizing the Steam Machine

June 22, 2026 Jay Peters

But the Xbox Series X is kind of like two Steam Machines! | Photo: Kelsey McClellan / The Verge

Valve finally announced the price of the Steam Machine, and like a lot of new gadgets these days, it's not cheap: It starts at $1,049 for a 512GB model, and a 2TB model costs $300 more. Configurations with a bundled Steam Controller cost an extra $79 each.

Despite Valve offering a console alternative with the Steam Machine - a compact piece of hardware that can easily hook up to your TV to play your Steam library - those prices mean the Machine is much more expensive than console counterparts like the PS5 ($599.99), Xbox Series X ($649.99), and PS5 Pro ($899.99) while performing similarly to a PS5. (Those console prices are also higher than …

Read the full story at The Verge.

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