What is the version of Server that is installed?
Are there other ArcGIS components on the same machine?
If so, what is also installed and do those services start correctly?
I tried 10.5 first and it failed giving the same reason. After that uninstalled that and tried with 10.7 and have same error. Now i tried 10.8.1 and getting same error. It fails to start service and fails to create arc gis server manager in 10.7.1 and 10.8.1. I installed Arc GIS GeoEvent server 10.8 which started successfully.
I would recommend sticking with a specific version for testing, did you make sure you have the min. patches required for the O/S: https://enterprise.arcgis.com/en/system-requirements/10.8/windows/arcgis-server-system-requirements....
Was the software installed with local or service account?
Did you install as admin?
It may be best to open a case with technical support to work with an analyst on this.