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Oculus Rift Total Package Price: Around $1,500

CEO Brendan Iribe ultimately wants the headset priced under $1,000.

Asa Mathat for Re/code

Oculus CEO Brendan Iribe said Wednesday that his soon-to-be-available virtual reality Oculus headset and the computer needed to run it will cost “in the $1,500 range.”

The company, owned by Facebook, announced in early May that it would start selling the Oculus Rift to consumers in early 2016, but the price for the headset itself has yet to be announced.

“We are looking at an all-in price, if you have to go out and actually need to buy a new computer and you’re going to buy the Rift … at most you should be in that $1,500 range,” Iribe said onstage at Re/code’s annual Code Conference in Rancho Palos Verdes, Calif. Over time, he’d like to see that cost come down to under $1,000.

In other words, it’ll be expensive.

This article originally appeared on Recode.net.

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