The tr utility could be used to replace each space by a newline like so:
tr ' ' '\n' <infile >outfile
If there are multiple spaces between the filenames on the line, you may compress the generated newlines inteinto single ones using tr -s.
This obviously assumes that none of the filenames contain embedded space characters.
You may also achieve the same affect with sed:
sed 'y/ /\n/' infile >outfile