Allah states that all the residents of earth will perish and die. The residents of the heavens will die, except whomever Allah wills. Only Allah's Honorable Face will remain, because our Lord, the Exalted, the Blessed, is the Ever Living Who never dies. Qatadah said, "First, Allah mentioned His creatures and then He said that all of this will perish." And in the reported supplication: `O You the Ever Living Who sustains all that exists! O You Who created the heavens and the earth without precedence. O You, Who Owns the glory and the honor, none has the right to be worshipped except You. We seek refuge with Your mercy. Grant Us success in all of our matters. Please, do not abandon us to rely on ourselves even for an instant nor on any of Your creation." Ash-Sha`bi said, "When you have recited,
وَجْهُ رَبِّكَ (...your Lord's Countenance ....55:27). The word wajh [ Face ], according to majority of the exegetes, stands for the 'Being of Allah'. The attached second person pronoun in rabb-i-ka [=your Lord ] refers to the Messenger of Allah ﷺ . It is a great honour for him that he should be remembered by Allah in special ways when praising him, as for instance, ` abduhu (His servant). Here, Allah, the Lord of lords, declares His direct special relationship with the Holy Prophet ﷺ and addresses him thus: rabb-i-ka [ your Lord ].
According to the well-known exegetes, the verse purports to convey that since everything [ including jinn and mankind ] dwelling on earth will be reduced to nothing, and the heavenly bodies all brought to naught, and the whole material universe made non-existent, still human reason demands that there should be a Being who should remain and who should never die. Such a Being is Allah Who created the whole universe and Who is the First and the Final Cause of all things. He alone will abide because He is Self-Subsisting, All-Sustaining, Independent and Besought of all.
A large part of this universe is filled with stars which consist entirely of fire. Jinn are also made of this fire. But human beings have been given special treatment by God in that they have been made of earth, or clay, which is an extremely rare thing in this extensive universe. In the whole universe the earth is a unique exception. Here, all the factors that are conducive to the existence, survival and cultural development of man have been provided in the most appropriate proportions and in the most balanced manner. One of these arrangements is the system of ‘two easts’ and ‘two wests’ on the earth. In winter, the places on the horizon where the sun rises and sets are different from those in summer. In this way, there is a range of ‘easts’ and ‘wests.’ This seasonal difference occurs due to the axial tilt of the earth in space. This tilt is a most unique feature, and man receives many natural advantages on account of this. The exceptional treatment of man and the earth in this universe is such a great manifestation of God’s grace and bounty that man is in no way capable of thanking his Creator sufficiently.
Uthmani text of the Madinah mushaf (King Fahd Complex). Translation: Saheeh International. Tafsir via Quran.com.