Valve Steam Machine Launches June 29 Starting at $1,049 via Lottery System

Executive Briefing

• Reveals two Steam Machine models: 512GB at $1,049 and 2TB at $1,349, exceeding earlier leak estimates
• Introduces a randomized reservation system after the Steam Controller sold out within minutes of launch
• Requires applicants to join the list before June 25 at 10 a.m. PT for a chance at reservation queue placement
• Restricts eligibility to Steam accounts in good standing with at least one purchase made before April 27, 2026
• Limits purchases to one unit per household; first batch ships June 29 with waitlist fulfillment pending production