XCF Global Stock Soars 102% on $1B SAF Expansion Plan

XCF Global's stock surged by 102% in pre-market trading on July 10, 2025, marking a significant milestone for the company.

XCF Global has announced an ambitious plan to invest nearly $1 billion in Synthetic Aviation Fuel (SAF) production facilities by 2028. The company has already invested $350 million in its operational New Rise Reno facility, which has created 60 full-time jobs. The expansion strategy includes three additional U.S. production sites in Reno, Fort Myers, and Wilson, each with a nameplate capacity of 40 million gallons. Combined with the existing facility, total production capacity is expected to reach 160 million gallons annually by 2028. Additionally, XCF has signed an MOU to establish New Rise Australia, marking its first international venture.

The company's modular, patent-pending site design enables rapid deployment and flexible production of both SAF and renewable diesel, supporting a multi-product revenue strategy. XCF's $1B expansion plan demonstrates strong execution capability with clear capacity growth to 160M gallons by 2028. The planned investment of nearly $1 billion by 2028 is strategically allocated across three additional U.S. facilities, each with 40 million gallons of nameplate production capacity. This will bring their total production to approximately 160 million gallons annually. The expansion sites are geographically diverse—Reno (West), Ft. Myers (Southeast), and Wilson, NC (East Coast)—creating a national production network that reduces logistics costs and broadens market access.

XCF Global is executing an aggressive capacity expansion strategy that positions it to capitalize on the growing global SAF market. The company has already demonstrated execution capability by investing $350 million in its operational New Rise Reno facility, which now employs approximately 60 full-time staff. This established operational foundation is critical for validating their ability to scale. The timing aligns well with regulatory tailwinds, as SAF blending mandates are expected to cover markets representing 4 billion people by 2030. This positions XCF to potentially secure long-term offtake agreements in regulatory-driven markets worldwide.