Pneumothorax is the presence of air in the pleural cavity between the lungs and chest wall. It can range from asymptomatic to life-threatening depending on severity. It is caused by trauma, lung punctures, or spontaneous bleb ruptures. Symptoms include chest pain, shortness of breath, and respiratory distress. Diagnosis involves physical exam, chest x-rays, and blood gases. Treatment ranges from oxygen, needle aspiration, chest tube placement, to surgery depending on severity and recurrence risk.