Pulmonary surfactant is a complex lipoprotein mixture secreted into the alveo-lar lumen by type 2 pneumocytes, which is composed by tens of different lipids (approx-imately 90% of its entire mass) and surfactant proteins (approximately 10% of the mass). It is crucially involved in maintaining lung homeostasis by reducing the values of alveolar liquid surface tension close to zero at end-expiration, thereby avoiding the alveolar col-lapse, and assembling a chemical and physical barrier against inhaled pathogens. A deficient amount of surfactant or its functional inactivation is directly linked to a wide range of lung pathologies, including the neonatal respiratory distress syndrome. This paper re-views the main biophysical concepts of surfac...