I have also successfully recovered by deleting the fs-base-history file which causes an update/download of a small file (happens quickly) and then restarted MSFS and worked ok.
Denis
If you’re receiving the below error in event viewer, go into NVidia app settings and restore driver settings to default as seen on this screenshot
Faulting application name: FlightSimulator.exe, version: 1.38.2.0, time stamp: 0x00000000
Faulting module name: d3dx11_42.dll, version: 9.27.952.3022, time stamp: 0x4a88eb02
Exception code: 0xc0000005
Fault offset: 0x000000000000cd8d
Faulting process id: 0x4450
Faulting application start time: 0x1DB869E9077B6E6
Faulting application path: M:\SteamLibrary\steamapps\common\MicrosoftFlightSimulator\FlightSimulator.exe
Faulting module path: C:\WINDOWS\SYSTEM32\d3dx11_42.dll
Report Id: 083f4c44-71b3-457a-882c-feb6e3682fe3
Faulting package full name:
Faulting package-relative application ID: