Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Hi Ben,
To my knowledge, the external emails basically are based on MX record to route emails. However according to RFC 5321, if there's no MX record, the domain name must return A or AAAA record to give the SMTP server IP address so that the email can still be delivered to your mailbox.
Besides, from my research, there're some exceptions that emails will not be delivered by MX record between two Office 365 tenants. For your reference, see the FAQ #3 in the following article.
https://techcommunity.microsoft.com/t5/exchange-team-blog/office-365-message-attribution/ba-p/749143
Regards,
Marvin