Rotating detonation engines (RDEs), also known as continuous detonation engines, have gained much worldwide interest lately. Such engines have huge potential benefits arising from their simplicity of design and manufacture, lack of moving parts, high thermodynamic efficiency and high rate of energy conversion that may be even more superior than pulse detonation engines, themselves the subject of great interest. However, due to the novelty of the concept, substantial work remains to demonstrate feasibility and bring the RDE to reality. An assessment of the challenges, ranging from understanding basic physics through utilizing rotating detonations in aerospace platforms, is provided.