Bit of a noddy one this.
Problem:
Attempting to launch File Explorer in Windows 10 results in a window with the "Working on it" status which then hangs and then the explorer shell completely crashes and initializes.
Solution:
Reboot. Launch File Explorer by entering a known folder name in the search bar. This launches File Explorer in a specific folder.
In View_Options_Change folder and search options:
Change the Open File Explorer to: setting to point to This PC.
Click Clear and Restore Defaults.