[CaptainCrunch]

Speculation

Spoiler!

The horns on the Armor's helmet and Gideon's helment are similar to the Death Watch Maul adherent horns. Could Gideon be a former member of Death Watch? Could the Armorer?

In terms of the spies

Could it be the survivors, sure, maybe, but its too simple. I don't like it. but what if they were in the employ of the spies.

Could it be Axe, sure, but predictable as well.

Could it be the Armor? I'm guessing yes, and the "Wounded" survivors that the Armorer is hauling the the Mando fleet could be assault soldiers.

So why would the Armorer sell out to Gideon? Because he keeps ending up with the Dark saber, and the Armorer wants to reunite her people under strong leadership.

Will the Republic show up in next weeks episode? In a word I believe so. After seeing Beskar in the wreck of the shuttle the Republic probably with the help of Imperial Spies are going to believe that Gideon was rescued by Mandalorian's, so we're going to see a massive republic fleet jumping in at the worst time and crush the Mando fleet.

What about Din? They're going to attempt to rescue them and end up in the cave. Grogu will use his beast connections to bring the Mythosaur to the surface, so that Bo can ride it and crush the Imperials on the ground. Meanwhile the Imperials challenge the Mando's at exactly the wrong time and get crushed.

We see a familiar shuttle show up and make landfall. Its Ashoka and Sabine. Ashoka gets her halway moment as she rescues Din and crushes the Imperials. Gideon flees.

There are very few Mando's left, Bo kills The Armorer for her betrayal. Din is wounded. Bo swears vegence on the republic and Empire.
Meanwhile in space Gideon's X1 Fighter drifts out of fuel, when we hear the Imperial theme and a shadow passes over Gideon's ship. He looks hp and see's several Star Destroyers and a SSD. We go to the Destroyers bridge and see Thrawn's back as he orders them to bring the traitor on board