In fact, there are only three physically distinct possibilities. (If
the magnitude of
depends on the choice of units, and this tells us something about us rather than anything about the physical world.)
The possibility
yields the Galilean transformations of Newtonian ("non-relativistic") mechanics:

(The common practice of calling theories with this transformation law "non-relativistic" is inappropriate, inasmuch as they too satisfy the principle of relativity.) In the remainder of this section we assume that
Suppose that object
moves with speed
relative to object
and that this moves with speed
relative to object
If
and
move in the same direction, what is the speed
of
relative to
? In the previous section we found that

and that

This allows us to write

Expressing
in terms of
and the respective velocities, we obtain

which implies that

We massage this into

divide by
and end up with:

Thus, unless
we don't get the speed of
relative to
by simply adding the speed of
relative to
to the speed of
relative to
.
Consider an infinitesimal segment
of a spacetime path
In
it has the components
in
it has the components
Using the Lorentz transformation in its general form,

it is readily shown that

We conclude that the expression

is invariant under this transformation. It is also invariant under rotations of the spatial axes (why?) and translations of the spacetime coordinate origin. This makes
a 4-scalar.
What is the physical significance of
?
A clock that travels along
is at rest in any frame in which
lacks spatial components. In such a frame,
Hence
is the time it takes to travel along
as measured by a clock that travels along
is the proper time (or proper duration) of
The proper time (or proper duration) of a finite spacetime path
accordingly, is

If
then there is a universal constant
with the dimension of a velocity, and we can cast
into the form

If we plug in
then instead of the Galilean
we have
More intriguingly, if object
moves with speed
relative to
and if
moves with speed
relative to
then
moves with the same speed
relative to
:
The speed of light
thus is an invariant speed: whatever travels with it in one inertial frame, travels with the same speed in every inertial frame.
Starting from

we arrive at the same conclusion: if
travels with
relative to
then it travels the distance
in the time
Therefore
But then
and this implies
It follows that
travels with the same speed
relative to
An invariant speed also exists if
but in this case it is infinite: whatever travels with infinite speed in one inertial frame — it takes no time to get from one place to another — does so in every inertial frame.
The existence of an invariant speed prevents objects from making U-turns in spacetime. If
it obviously takes an infinite amount of energy to reach
Since an infinite amount of energy isn't at our disposal, we cannot start vertically in a spacetime diagram and then make a U-turn (that is, we cannot reach, let alone "exceed", a horizontal slope. ("Exceeding" a horizontal slope here means changing from a positive to a negative slope, or from going forward to going backward in time.)
If
it takes an infinite amount of energy to reach even the finite speed of light. Imagine you spent a finite amount of fuel accelerating from 0 to
In the frame in which you are now at rest, your speed is not a whit closer to the speed of light. And this remains true no matter how many times you repeat the procedure. Thus no finite amount of energy can make you reach, let alone "exceed", a slope equal to
("Exceeding" a slope equal to
means attaining a smaller slope. As we will see, if we were to travel faster than light in any one frame, then there would be frames in which we travel backward in time.)