Hello all. I am using ArcMap 10.5.1 with an Advanced license.
For some reason, I am unable to load LAS files unto my LAS dataset. Adding files through the LAS Dataset Properties gives me this error:

Going through the Create LAS Dataset route gives me this:

However, if I use an LAS dataset I have created in ArcMap 10.4.x, that same LAS data I am trying to create an LASD for appears on-screen, so the file itself is not corrupted.
Anyone have an idea what could be happening?