You will finally be able to upgrade your storage capacity.
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Sony quietly announced that M.2 SSD support will be added to the PlayStation 5 in an upcoming beta software update. No, it's not included in the current beta software update for the PlayStation 5. It'll be in the next update. This was revealed only through a new PlayStation 5 support page that the company added this week.

Sony notes that this is a feature that is only available to beta users. This is due to the fact that features and specifications included on the page may change prior to the official system software release. Sony did not provide any specific dates outside of the fact that the update is "upcoming."

Sony specifies that the hardware must be a PCIe Gen4 NVMe drive sized no larger than 22mm for the width. The form factors supported include M.2 type 2230, 2242, 2260, 2280, and 22110. They recommend a read speed of at least 5,500MB/s. The drives can have a capacity of up to 4TB. Sony also says that the drives should include "effective heat dissipation with a cooling structure, such as a heatsink." They note that you can either attach one to your M.2 SSD yourself or purchase an SSD that has one built in.

Even with these specifications provided, Sony cannot guarantee that all of the supposedly compatible M.2 SSD drives will work with the PlayStation 5.

Interface: PCIe Gen4 x4 M.2 NVMe SSD

Capacity: 250GB – 4TB

Cooling structure: Using an M.2 SSD with your PS5 console requires effective heat dissipation with a cooling structure, such as a heatsink. You can attach one to your M.2 SSD yourself, either in a single-sided format, or double-sided format. There are also M.2 SSDs that have cooling structures (such as heatsinks) built in.

Sequential read speed: 5,500MB/s or faster is recommended

Module width: 22mm width (25mm width is not supported)

Form Factor: M.2 type 2230, 2242, 2260, 2280 and 22110.
These numbers can be found on retail listings for M.2 SSD devices. The first two digits refer to the width, the remaining digits to the length.

Socket type: Socket 3 (Key M)

Total size including cooling structure:
In millimeters: smaller than 110mm (L) x 25mm (W) x 11.25mm (H).
In inches: smaller than 4.33in (L) x 0.984 in (W) x 0.442in (H).

See below for full requirements.

Length
The following M.2 SSD lengths are compatible with PS5 consoles:
30mm, 42mm, 60mm, 80mm, 110mm (corresponding to the form factor type, per above).

Width
A 22mm-wide M.2 SSD module is required.
The total structure (including an added cooling structure) cannot exceed 25mm (0.984in).

Height
The total height of the M.2 SSD and its cooling structure (such as a heatsink) – whether built-in or separate – must be less than 11.25mm (0.442in).
The height must also be in the right place, in relation to the M.2 SSD’s circuit board:
  • The size below the board must be less than 2.45mm (0.096in).
  • The total size above the board must be less than 8mm (0.314in).
(Note: millimeter measurements are the technical standard and are more precise than inches. We recommend double-checking that the total dimensions of M.2 SSD and heatsink products you’re considering meet the millimeter requirements before purchasing)
  • Both single-sided and double-sided M.2 SSD devices are supported.
  • M.2 SATA SSDs aren’t supported.
  • You should carefully review drive specifications prior to purchase and contact the vendor or manufacturer if you need further information. SIE cannot guarantee that all M.2 SSD devices meeting the described specifications will work with your console and assumes no responsibility for the selection, performance or use of third-party products.
  • Not all games are necessarily playable with the exact same performance provided by the PS5 console’s internal Ultra-High Speed SSD, even where the M.2 SSD device’s sequential read speed is faster than 5500MB/s.
  • The majority of M.2 SSD devices with the above type numbers (M Key Type 2230, 2242, 2260, 2280 and 22110) and without a built-in cooling structure will fit the PS5 console’s SSD slot. However, sizes for cooling structures (like heatsinks) vary greatly. If you are not sure an M.2 SSD or cooling structure (such as a heatsink) you’re considering meets the size requirements outlined here, we recommend looking for another product option or contacting the vendor or manufacturer for more information.