Loki is a Trickster, and he's very good at what he does. From his first MCU appearance in 2011's Thor, Loki revealed his ability to create duplicates of himself and fake his death. At the end of the film, Loki was seen careening through space to his apparent death, only to resurface during the end credits scene.
Loki has always delighted in cheating death, manipulating others into believing he was dead in order to hatch his next scheme. At the end of Thor, he apparently took his own life — but Loki survived death by plunging into one of the many portals he knew could be found in Yggdrasil.
With Odin disapproving of his actions, Loki allowed himself to fall through the deep abyss of space, entering a wormhole created by the sudden termination of the Bifrost Bridge.
With the help of the Chitauri, Loki opened a portal to Earth and arrived at an underground S.H.I.E.L.D. facility where Thor's friend, Dr. Erik Selvig (Stellan Skarsgård), was studying the Tesseract—aka HYDRA's secret weapon.
So, to be fully clear, Loki only ever actually died one time. When he dropped from the bifrost in Thor, he didn't die, but rather went directly into a wormhole that eventually led him to a world called Sanctuary, where he met a guy you may have heard of: Thanos.
During Thor: The Dark World, Loki deceives Thor, faking his death after Kurse impails him. As Thor cradles his brother, Loki chokes out his "final" words before dying. However, Odin sends a guard to Svartalfheim, and a living Loki swaps places with him, returning to Asgard to dethrone the Allfather.
Ages ago, Odin fought and defeated Laufey and the Frost Giants of Jotunheim in a great war. Abandoned and left for dead as a baby due to his diminutive size, Odin took Loki, son of Laufey, to Asgard to raise him as his son and a prince in order to one day unite the Frost Giants and the Asgards in peace.
Stormbreaker has the additional power to summon the Bifröst, allowing Thor to teleport anywhere in the Nine Realms. Screen Rant has identified Stormbreaker as the more powerful of the two, based on this ability, as well as it being a much larger and edged weapon.
Here, holding on to all of the timelines, he became a kind of tree god, physically representing the Norse tree of life, Yggdrasil. It was a poignant and painful ending for Loki, who now seems to be sentenced to being alone for eternity as he watches over the timelines.
Although Loki was unusually small, he still initially had blue skin and red eyes like other Frost Giants. He transformed to look like an Asgardian after Odin picked him up, though, and continued to appear that way even after Odin died.
This stemmed from his childhood and the belief that Odin didn't love him. While Odin's hiding of Loki's true parentage and Thor's demeaning behavior may have influenced Loki, ultimately he is to blame for his villainous actions due to his own issues with self-acceptance and misinterpretation of his upbringing.
Loki's last line in Thor, directed by Kenneth Branagh, is, 'I could have done it, Father. I could have done it for you, for all of us. ' And of course his effort to gain his father's pride has been misguided and ill thought-out.
But if you're wondering how he's even alive, we have the details you need to know. Loki is a Trickster, and he's very good at what he does. From his first MCU appearance in 2011's Thor, Loki revealed his ability to create duplicates of himself and fake his death.
Believing that Loki was of no benefit to him during this skirmish due to his lack of physical strength, Kurse decided to leave Loki inside his cell, who went on to give Kurse directions as to find what he was looking for within Asgard.
Loki cast a spell on Odin, and left him on Earth. But this is not the reason he died. Odin made it clear that it was his time. In the MCU this is the start of Ragnarok.
While no one besides Thor has been able to truly wield the awesome might of Stormbreaker, Groot was the very first being to hold this weapon when one of his arms became the handle for the mighty axe.
Many viewers have pointed out that Thanos was able to lift Stormbreaker without a problem, but this is because the ax isn't enchanted as Mjolnir is. Others believe Thanos lifted Mjolnir (although briefly) and have even argued that he would be worthy of doing so.
The movie doesn't explain Thor's motivations for giving up Stormbreaker, but it makes sense that Chris Hemsworth simply wanted Love to have a powerful weapon to aid her in battle. It's unlikely that he could give her Mjolnir, considering that so few people in the MCU have been deemed worthy of its power.
Now Odin did tell Thor he was stronger then him (Odin) which some interpret as Odin meaning Thor is stronger than Odin cause Thor now has his fathers power plus his own. But we have to remember two things. Odin himself said Mjølnir only channeled Thor's power, Thor just needed to learn to use it naturally.
When Odin's own wife Frigga was killed at the hands of the Dark Elves' leader Malekith, Odin vowed revenge on them, no matter the cost, putting him at odds with his son. After faking his death, Loki cast a spell on Odin, banishing him to New York City while masquerading as Odin and ruling Asgard himself.
Most Marvel fans think that Odin favors Thor over Loki because the former is his natural son, while Loki is the adopted son of the giant Laufey. However, there is another, much deeper reason for Odin's favoritism, and it hides in the one-eyed god's past and his relationship with his brother Cul, the God of Fear.
After it was destroyed, the Bifrost could no longer be harnessed, preventing the annihilation of the Frost Giants, and creating a temporary wormhole which Loki allowed himself to fall through after Odin condemned Loki's actions.
Loki sacrificed himself to save everyone on every timeline. He also saved the TVA, a place people can now choose to serve freely. Some like Mobius opted to leave the TVA behind and go home. Others decided to stay because the TVA still serves an important purpose.
By saving and organizing every existing timeline, Loki has become the God of Time — a higher being who keeps the past, present, and future of every universe from being erased by outside forces. However, Loki has also become the God of Stories, as he has placed everybody's personal journey above his own.
