It sounds uncannily like something else…almost as if they cribbed the chord changes directly from a different song. Pink Floyd? Steely Dan? There’s something about those guitar chords especially at 0:38, which is highly reminiscent of some other distinctive song.
Yes. It’s a combination of that, and Razor Boy by Steely Dan. Hear vibes solo at 0:34 especially. It’s like those two songs got together and had a child.
I’ve been working out the chords and it seems like the first 38 seconds are conventional V-ii in D major, i.e. A-Em-A-Em etc., but the chord at 0:38 is Dm, a brief modulation into another key, then back to the Em-A-Em.
Reminds me of “Listen” by Tears For Fears, or Pink Floyd, as you say.