Here's a diagram to go along with
@Orodruin 's reply.
https://www.desmos.com/calculator/ti58l2sair [my t axis is horizontal ]
The Lorentz Transformations mentioned above preserves the unit hyperbola (that is, under that Lorentz Transformation, the events on the future unit hyperbola are mapped to the same hyperbola), whose asymptotes are lightlike---that is to say, all frames of reference agree on the same value of the speed of light (maximum signal speed).
An inertial worldline (the t'-axis) drawn from the "center" of the hyperbola into the future light cone intersects the hyperbola at an event.
Think of this worldline as a radius vector from the center.
The tangent line to the hyperbola here is "spacetime-perpendicular" (perpendicular in Minkowski spacetime geometry) to the worldline.
Think "tangent to a circle is perpendicular to radius".
Physically, this tangent line determines the x'-axis... That observer's "space" direction is perpendicular to that observer's "time" direction.
Additionally, this tangent line has the "same value of t' " for that observer---this is that observer's line of simultaneity.
Try changing the E-slider... to the Euclidean case (when E= -1) and the Galilean case (when E=0).Now there is another way to think about this using a "clock diamond" (shameless plug for my Insights article) and its diagonals.
Here is a geogebra diagram from
https://www.physicsforums.com/threads/spacetime-diagrams-of-light-clocks-comments.875884/
https://www.geogebra.org/m/Jq4jDMRW
https://www.geogebra.org/files/00/03/71/96/material-3719659-thumb.png?v=1466261681