If Georeferencing is enabled, then the files are probably displaying in an area that is far from your current camera view. You can either disable georeferencing (if you don't need the terrains to be all located at the right location on the planet), or move your camera to where they are shifted to by the georeferencing. You can start to move the camera to the general area by right-clicking in the 3D preview and choosing Center on Object or Shader and select one of the DEMs you have loaded. Depending on where on the planet they are georeferenced to, the camera may end up inside the planet, so you may have to work a bit to get it onto the surface, but it will certainly help get you to the right general area.
- Oshyan