“We’re Working on Getting More in Stock”: Valve’s Steam Controller Sold Out in Minutes but More Units Are Coming

Valve’s newly released Steam Controller sold out within 30 minutes to 1 hour of launch on May 4, 2026, leaving the company surprised by the overwhelming demand. The $99 PC gaming peripheral, which had been positively reviewed by major outlets for its advanced mouse emulation, customization options, and integration with the Steam ecosystem, depleted stock across all major markets including the US, UK, Canada, Australia, Japan, and Europe within hours.

The rapid sellout caught Valve off-guard, as evidenced by an official statement posted to social media: “Steam Controller ran out faster than we anticipated, and we hate that not everyone who wanted one was able to get it.” The company committed to restocking but provided no specific timeline, stating they would share an update “soon.”

The shortage has created an opportunity for scalpers, who immediately began listing the controllers on eBay at dramatically inflated prices ranging from $200 to $399—up to four times the original $99 retail price. Despite some mixed reviews regarding the $99 price point and its versatility primarily within the Steam ecosystem, the controller’s advanced features and strong critical reception have contributed to its unexpected popularity. Valve has promised additional shipments are in the works, though prospective buyers currently face either waiting for restocks or paying premium prices on secondary markets.

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