Continuity mistake: When Thor and Loki are in front of the Shady Acres care home, an old man wearing a black hat passes behind them but in the next shot a woman is there instead.
Thor: Ragnarok (2017)
Ending / spoiler
Directed by: Taika Waititi
Starring: Cate Blanchett, Benedict Cumberbatch, Idris Elba, Chris Hemsworth, Tom Hiddleston, Tessa Thompson
As Hela's powers increase, the only way for the Asgardians to survive is by evacuating their homeworld on the giant ship stolen from the Grandmaster by Korg and the other gladiators. Thor, now blinded in one eye by Hela, realises they can't stop her themselves, so must cause Ragnarok to destroy her and save Asgard - the people matter more than the place.
Loki flies to the vault where Surtur's crown is stored, and places it into the eternal fire. This restores the demon to his full mountainous size, and he starts laying waste to Asgard, including killing Hela. Thor escapes with the others. Loki appears on board - Thor initially believes as a magical projection, but soon realises Loki has actually come to join them. He's still untrustworthy as ever of course, having already tried to betray Thor earlier, and he gave the infinity stone in Odin's vault a lingering glance as he passed it, so probably took that with him.
The ship sets course for earth, with the Asgardians looking to Thor as their new king. However a vast ship descends above them, almost certainly belonging to Thanos, setting up the events of Avengers: Infinity War.
In a scene after the credits, the Grandmaster returns to the surface of Sakaar while the population is still rebelling, and attempts to calm them down by calling a tie between his forces and theirs.
Trivia: When Thor is strapped in the chair we can hear the music from the original Charlie and the Chocolate Factory; specifically an instrumental version of Pure Imagination.
Question: *Spoiler alert* Towards the end, Loki goes into Odin's treasure vault to get to the Eternal Flame and summon Surtur, who then destroys Asgard. We don't see Loki being rescued from the treasure vault. Thor assumes he is dead because he seems to be saying goodbye on the ship that has everyone escaping Asgard. How did Loki escape while everything was on fire?
Answer: He may have used the Tesseract which has been in Odin's vault since the end of The Avengers, which we know can be used to teleport from one place to another.
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Answer: In the shot at the very end of the spacecraft the Asgardians are on (after we know Loki is OK) we see the ship they stole from the Grand Master docked to the top of it. Loki flew that ship to the vault, presumably landed as close as possible, placed the crown in the eternal fire, and in the brief time it took for the fire demon to grow, had time to escape the vault, get back in the ship, and fly to safety. I thought Thor was assuming Loki would choose to go his own way rather than rejoin the others, and was pleasantly surprised that he decided to come along too.