Elite Franchise Life Ends In December 2021?

So if they fail this next "new era" expansion then Elite will be shutdown.

it is already..
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You clearly don't understand game shutdown development:
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Elite V confirmed for December 2021, subscription based client server Space MMO. The world is ready.

I can't tell if you're joking or not, it's hard when all you have to go on is text on a screen. That's why things like emojis exist :p

just in case you're not joking, do you have a source on that "confirmation"?
 
Its not going to go well for Elite if they release 1 expansion every 6 years.

2020-2015=6?
Anyway, Beyond is also an expansion. They could've charged for quite a lot of things in Beyond (other companies want money for Horse Armor and Paradox sells you faction leader portraits and new music) but decided against it.

So if they fail this next "new era" expansion then Elite will be shutdown.

What do you mean by fail? Financially? Well if the game is not profitable I wouldn't blame them for shutting it down. On the other hand they managed to run the game for the last 3 years without selling expansions, so even if they stop selling DLC they could probably pay servers and minimum staff for quite some time. So the worst case scenario that I can see for the foreseeable future is the fabled maintenance mode.
 
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